Market Extra: Traders, undeterred by December’s lousy job gains, continue to price in `sooner and faster’ tightening by Federal Reserve

Futures following Friday’s jobs report reflected an almost 30% chance that Fed officials will have hiked their policy rate target 50 basis points by their May meeting, according to CME’s FedWatch tool.

Futures following Friday’s jobs report reflected an almost 30% chance that Fed officials will have hiked their policy rate target 50 basis points by their May meeting, according to CME’s FedWatch tool.