The Federal Reserve may not be so worried about getting markets’ buy-in for a rate hike. Last year, as the Fed was looking to get off the zero lower interest-rate bound for the first time in years, former U.S. Treasury Secretary Larry Summers observed that the bank had never in the previous 20 years raised rates without the futures market pricing in at least a 70 percent chance of a hike. Markets are currently pricing in a 72 percent chance of a rate hike by the December meeting, according to data compiled by Bloomberg — but strategists suggest Summers' criterion may be a necessary but not sufficient condition of ... (full story)