The market is finally coming around to the idea that the Federal Reserve this year will be raising interest rates a total of four times.
Though some big forecasting firms on Wall Street for months have been predicting a more aggressive Fed, traders thus far had been anticipating three moves this year — the increase already approved in March, plus two more, likely in June and September.
However, the fed funds futures market Monday morning gave almost a 50 percent probability that the central bank would move one more time in December.
