March 15, 2017 / 6:16 PM / in 2 years

Interest rate futures traders see two more Fed rate hikes in 2017

(Reuters) - U.S. short-term interest rate futures rose on Wednesday after the Federal Reserve raised interest rates for the second time in three months but gave little sign it saw a need to raise rates faster than the pace it had laid out in December.

After the Fed’s policy meeting, traders continued to see a better-than-even chance of three rate hikes this year, including Wednesday’s, with about a one-in-four chance of a fourth hike, based on the price of fed funds futures contracts.

Reporting by Ann Saphir; Editing by Chizu Nomiyama

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