Prior to Friday’s meager U.S. payrolls data, the market priced in an almost 55 percent chance of a Federal Reserve interest-rate hike by July. Those odds now stand at just 31 percent, while the next time they’re above 50 percent is by policy makers’ December meeting. A speech in Philadelphia Monday by Fed Chair Janet Yellen may determine whether they gain renewed traction.
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To contact the reporter on this story: Nancy Moran in New York at nmoran@bloomberg.net. To contact the editors responsible for this story: Sophie Caronello at scaronello@bloomberg.net.
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