Fed more likely to wait until June to restart rate cuts, traders bet

March 7 (Reuters) - The Federal Reserve may wait until June before restarting rate cuts and will reduce short-term borrowing costs a total of three times before the year, traders bet on Friday after the government's monthly jobs report showed US jobs growth picked up in February.

Traders before the report had thought a May start to Fed rate cuts was a bit more likely than putting it off until June.