Futures traders are fully convinced that the Federal Reserve will raise interest rates at its March 14-15 meeting. On Thursday, Bloomberg's World Interest Rate Probability reflected a 100% probability of a hike next week. The Federal Open Market Committee is expected to increase its benchmark fed funds rate by 25 basis points to a range of 0.75%-1%. Traders hiked their bets after a report from the ADP Research Institute showed that the US economy added 298,000 private payrolls in February, the highest monthly gain since January 2006. Just a few weeks ago at the beginning of March, the odds for a rate hike this month ... (full story)