The Fed expects to raise rates sooner than you'd think

The Federal Reserve expects to raise interest rates in 2023, according to new economic projections the central bank published Wednesday.

News: What you need to know about the markets     The Fed expects to raise rates sooner than you'd think The Federal Reserve expects to raise interest rates in 2023, according to new economic projections the central bank published Wednesday. Read more »   Dow tumbles after Fed predicts it will raise rates soon Read more »   Uber and Lyft drivers call for federal intervention in their gig worker labor fight It's been more than a year since San Francisco Uber driver Lucas Chamberlain was knocked unconscious by a would-be customer who attacked him during an argument over whether or not the patron was old enough to ride solo. Read more »   Morgan Stanley CEO to NYC workers: Be back in the office by September or else The CEO of one of Wall Street's top investment banks has a message for employees in its New York offices. You need to come back to work this fall. Read more »   Beyond bitcoin: These altcoins are super popular Bitcoin and ethereum are the Coke and Pepsi of crypto: Their combined value of about $1 trillion accounts for nearly two-thirds of the overall $1.6 trillion in digital currencies worldwide. Read more »   Has inflation peaked? The jury is still out Signs of rising inflation around the world are keeping investors on edge. But in some corners of markets, pressure is easing, raising hopes that Peak Fear may have passed and central banks will be confident enough to sit tight. Read more »

Dow Nasdaq S&P -265.66   -33.17   -22.89 34,033.67   14,039.68   4,223.70 -0.77%   -0.24%   -0.54% YTD +11.20%   YTD +8.93%   YTD +12.45%

Biggest Winners Occidental Petroleum Corp +4.59%   Centene Corp +3.74%   Norwegian Cruise Line Holdings Ltd +2.62%   Carnival Corp +2.34% Biggest Losers Oracle Corp -5.59%   Organon & Co -3.49%   Snap-On Inc -3.22%   Citigroup Inc -3.20%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $71.74 -0.41 / -0.57% Gold $1,815.40 -46.00 / -2.47% 10-yr 1.57% +0.07 Euro $1.20 -0.01 / -1.07%

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