Bond traders think the Federal Reserve will raise interest rates on Wednesday, and their level of certainty is so high that it hasn't been lost in decades. According to data compiled by Bloomberg since 2008, whenever the market's expectations for interest rate hikes are so high, the Federal Reserve is satisfied without exception. “The market leaves no room for a scenario of standing still or dovish interest rate hikes,” said Caesar Maasry, head of investment research at Lunate. “Tomorrow's decision by the Federal Reserve will be the most influential in a while,” said Alex Cohen, a foreign exchange strategist at Bank of America. “With interest rate hikes expected to reach around 90%, it would be almost unprecedented if they stayed the same.”

Bond traders think the Federal Reserve will raise interest rates on Wednesday, and their level of certainty is so high that it hasn't been lost in decades. According to data compiled by Bloomberg since 2008, whenever the market's expectations for interest rate hikes are so high, the Federal Reserve is satisfied without exception. “The market leaves no room for a scenario of standing still or dovish interest rate hikes,” said Caesar Maasry, head of investment research at Lunate. “Tomorrow's decision by the Federal Reserve will be the most influential in a while,” said Alex Cohen, a foreign exchange strategist at Bank of America. “With interest rate hikes expected to reach around 90%, it would be almost unprecedented if they stayed the same.”