After the jobs report, market forecasts saw a slight increase in the odds of a rate hike in June. Traders' bets on a 25 basis point hike briefly rose to 38% before falling back to around 25%, according to CME Group data. A number of Fed officials made it clear that interest rate hikes will be suspended in June. Taken together, the data underscore the challenge facing Fed Chairman Jerome Powell in coordinating the Fed's rate-setting committee around the idea of skipping a rate hike this month, with officials already in favor of a June hike likely to become more convinced. the necessity of infor
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