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Bonds, US$ strength show investors expect interest rate hikes soon

A Reuters poll conducted on Friday after the release of the strong February jobs data shows many Wall Street firms expect the Federal Reserve's first interest rate increase in nine years to come in June.

New York

BEFORE last Friday, many investors opined that the US Federal Reserve would probably raise interest rates only once this year. Making the first hike in about nine years would be almost symbolic, as if the central bank was showing it still knew how.

Fewer investors are