The US central bank has raised interest rates by a quarter percentage point and pledged a gradual pace of increases.

This marks the end to the near-zero borrowing costs that have prevailed since the US was struck by the worst financial crash in modern times.

How fast will rates rise?

There are different ways to guess. One of these is by looking at the Fed Fund futures markets, where investors essentially bet on what level the interest rate will be in upcoming months.

What does the market “think”?

Probability of a range of interest rate outcomes based on Fed Fund future contract prices.

Read the article “When Interest Rates Rise” on ig.ft.com.