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Video: Traders Shift Bets On First Fed Rate Hike To Later In 2014

By Clip Syndicate
Traders of short-term U.S. interest-rate futures boosted bets that the Federal Reserve will raise short-term borrowing costs later in 2014 after a government report showed the U.S. economy added fewer jobs than expected in August. Fed funds futures contracts jumped after the U.S. Labor Department reported 169,000 jobs were added last month. Economists had expected a rise of 180,000 jobs. The job count for earlier months was revised lower.





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