Traders, eying jobs, keep bets on December Fed rate hike

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The seal for the Board of Governors of the Federal Reserve System is displayed in Washington

(Reuters) – U.S. short-term interest rate futures reflected continued bets on the Federal Reserve next raising interest rates in December after a U.S. government report showed employers added more jobs than expected in June but delivered only gradual wage increases.

Traders after the report stuck to the view of a better-than-even chance of a rate rise by the end of this year, based on fed funds futures traded at CME Group.

(Reporting by Ann Saphir)

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