Traders Don't See Fed Moving Until at Least March, Futures Show
- March is first month with liftoff probability above 50%
- Ten-year Treasury yield touches lowest level since August
Why This Jobs Report Is a Game Changer for the Fed
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The bond market is pushing back expectations for the first Federal Reserve interest-rate increase in almost a decade until March at the earliest.
Traders pared bets on a 2015 hike and subsequent increases after the U.S. reported surprisingly weak labor data for September. The probability the futures market assigns for a boost at or before the Fed’s March meeting is now barely better than a coin flip, at 56 percent, down from 66 percent Thursday.