Fed Rate-Hike Odds Approach 80% as Job Growth Seen Strengthening
- Report Friday will show U.S. added 173,000 jobs: economists
- Treasuries rise as investors seek safety before U.S. election
U.S. Jobs Data Seen Rising in October
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Bond traders are becoming more certain the Federal Reserve will raise interest rates next month as economists say a U.S. jobs report Friday will show enough improvement to justify such a move.
The chance of a rate increase at the Fed’s December meeting rose to 78 percent, the highest since March and up from 69 percent at the end of last week, futures contracts indicate. The report will show employers added 173,000 workers in October, versus 156,000 in September, according to a Bloomberg survey of economists. Even so, Treasuries rose as investors sought relatively safe assets in the run-up to next week’s U.S. election.