Ahead of the Fed meeting, Wall Street wonders if Fed might hike 4 times in 2017

Ahead of the Fed meeting, Wall Street wonders if Fed might hike 4 times in 2017

Now that the Federal Reserve has convinced the markets that it will act to raise interest rates on Wednesday–odds of a 25 basis point interest rate increase on March 15 climbed to 95.2% today from 88.6% on Friday, Wall Street is starting to entertain the possibility of four interest rate increases in 2017. Odds of a four increase 2017 have climbed to 25% from just 12% at the end of the January.