Correspondent, Chicago
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Fed seen hiking rates earlier as jobs gain, wages rise

By Ann Saphir

(Reuters) – Traders on Friday added to bets that the Federal Reserve will begin raising rates by mid-year after a government report showed U.S. employers added more jobs than expected last month and wages rose.

U.S. employers added the most jobs over a three-month period since 1997, the report showed. Wages rose at their fastest pace since August. With the recovery gaining steam, analysts said, the Fed may not need to keep rates at rock-bottom for much longer.

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