The Fed said it's hiking rates four times this year, but here's why the market's not convinced

The Federal Reserve may have telegraphed a fourth interest rate rise this year, but markets didn't quite get the message. As of Friday afternoon, traders were implying just a 55 percent chance of a fourth hike in December — a little better than a coin flip and just 10 percentage points or so above the chances before the meeting and the surprise dot-plot change.