Traders slash bets on Fed interest rate rises

Credit: Published on December 6, 2018
Futures prices suggest US central bank will move in December but might pause in 2019

Credit: Wochit Business
Published on December 7, 2018 -  00:53
Jobs Data Causes Wall Street To Dip
According to Reuters, U.S. stocks pulled back from steeper losses in futures trading to open slightly lower on Friday after a U.S. jobs report that was tepid enough to lower bets for faster future interest rate hikes, but not enough to fan fears of an economic slowdown. The Dow Jones Industrial Average .DJI fell 28.85 points, or 0.12 percent, at the open to 24,918.82. The S&P 500 .SPX opened lower by 4.69 points, or 0.17 percent, at 2,691.26. The Nasdaq Composite .IXIC dropped 24.77 points, or 0.34 percent, to 7,163.49 at the opening bell.

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