Fed Rate-Hike Expectations Rise After Strong October Payrolls Data
Money markets raised the probability of a December Federal Reserve rate hike to 75% from 72% after October payrolls data came in significantly stronger than expected, according to LSEG data.
0854 ET - Money markets stepped up expectations of a Federal Reserve interest-rate hike in December after significantly stronger-than-expected October payrolls data. The probability of a December rate hike rose to 75% after the data from 72% beforehand, according to LSEG data. Markets also price in…