Bond Traders Pull Back on Fed Hike Bets After Soft Jobs Data

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Bond traders have reduced their expectations for another Federal Reserve interest-rate hike this month following indications of weakness in the US labor market. Simultaneously, the dollar fell to a session low on Friday after a report revealed that the US added fewer jobs than expected in September. These developments have led traders to trim their bets regarding whether the Federal Reserve will continue to raise interest rates during the remainder of this year.
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