Fed funds futures rise

Posted by 7Star Wednesday, January 13, 2010

US federal fund futures rose on Tuesday with growing expectations a struggling economy and a flagging jobs sector will put the Federal Reserve on course to hold interest rates near zero percent into the third quarter. Futures have been rising since Friday, when government data showed employers unexpectedly shed 85,000 jobs in December. Analysts polled by Reuters had expected the level of US jobs to be unchanged last month from the previous month.

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