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Traders raise bets of Fed rate hike after jobs report

Reuters

Nov 6 (Reuters) - ‌Traders added to bets that the ​Federal ‌Reserve will deliver a ‌second interest-rate hike in December after ‌a government report on Friday showed stronger-than-expected job gains last month.

Futures ⁠tied to the ‌Fed's policy ⁠rate were pricing about ​an 80% probability of a quarter-point rate ​increase next month ​after ‌the report, which showed ​the unemployment ⁠rate ticked down ‌to 4.1% ​and ​employers added 165,000 jobs, more than twice what economists had anticipated.

Before the ‌report, traders were pricing about a ‌75% ​chance of a rate hike in December.

(Reporting by Ann Saphir; Editing ‌by Emelia Sithole-Matarise)