US short-term interest rate futures jumped after the nonfarm payrolls release as markets pared bets on Fed tightening; investors now fully price a Fed rate hike in December, down from prior expectations for October.

2026-07-02

US short-term interest rate futures jumped after the nonfarm payrolls release as markets pared bets on Fed tightening; investors now fully price a Fed rate hike in December, down from prior expectations for October.