You are viewing an obsolete version of the DU website which is no longer
supported by the Administrators.
Visit
The New DU. Reply #33: US rate futures cut Fed rate hike chance on payrolls
[View All]
UpInArms
(1000+ posts)
Send PM |
Profile |
Ignore
|
Fri Jul-07-06 07:41 AM
Response to Reply #31 |
| 33. US rate futures cut Fed rate hike chance on payrolls |
|
http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-07-07T123627Z_01_CHB000194_RTRIDST_0_MARKETS-FEDFUNDS-JOBS-INSTANT.XMLCHICAGO, July 7 (Reuters) - U.S. short-term rate futures jumped after Friday's June payrolls report, slashing the implied chances of an August rate hike from the Federal Reserve after U.S. job creation was weaker than expected.
Chances for an August rate increase by the Fed shown by futures prices fell as low as 54 percent from 70 percent just before the data.
The Labor Department said 121,000 non-farm payroll jobs were created in June, far below Wall Street forecasts for 185,000 and recent whisper numbers.
|
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion
board, visitors agree to abide by the rules outlined on our Rules
page. Messages posted on the Democratic Underground Discussion Forums are the
opinions of the individuals who post them, and do not necessarily represent
the opinions of Democratic Underground, LLC.
Printer-friendly format
Email this thread to a friend
Bookmark this thread