Bets are on the timing of Federal Reserve rate hikes and it has moved up.The first rate hike by one meeting to June 2015 after a strong jobs report, according to CME FedWatch, which calculates based on fed funds futures contracts. The probability of a rate hike during that month's gathering of the Federal Reserve policy committee rose to 50% after the report showed 288,000 new jobs created in April, which beat economist forecasts. It had been at 46% in the prior session