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Traders see increased chance of 50 basis point Fed hike in March after strong jobs report

Traders see increased chance of 50 basis point Fed hike in March after strong jobs report

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Fed funds futures reflect a higher possibility of a 50 basis point rate increase by the Federal Reserve in March, after January’s nonfarm payrolls data produced a greater-than-expected 467,000 gain. The probability of a 50bps hike was 27% as of Friday morning, up from 14% on Thursday, according to the CME FedWatch Tool.

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