Traders see Fed cutting rates in June after jobs data

(Reuters) – Traders of short-term interest-rate futures continue to bet the Federal Reserve will next cut its policy rate in June after a government report showed the U.S. unemployment rate was 4% last month.

Traders also continue to see a second rate cut by the end of 2025 as more likely than not.

(Reporting by Ann Saphir; Editing by Mark Potter)