The Fed begins stepping on the brakes

The Federal Reserve is finally hitting the brakes on its monthly asset purchases that supported the economy throughout the pandemic.

News: What you need to know about the markets     The Fed begins stepping on the brakes The Federal Reserve is finally hitting the brakes on its monthly asset purchases that supported the economy throughout the pandemic. Read more »   Why the Fed is winding down the party on Wall Street (and what it means for you) Read more »   He predicted Dow 36,000 in 1999. Now, it's finally here Journalist James Glassman and economist Kevin Hassett wrote in late 1999 that the Dow Jones Industrial Average could hit 36,000 as soon as 2005. Read more »   Gas prices are sky high and Bank of America warns $120-a-barrel oil is on the way Everyday Americans are getting hammered by high prices at the pump, and Bank of America thinks the pain may just be getting started. Read more »   IPOs are having their best year ever -- even better than the dot com boom Private companies are making their Wall Street debuts at a record clip this year. Read more »   Janet Yellen: Inflation is high, but this isn't like the '70s High inflation is a thorn in America's side. Prices of groceries and gas are rising and Americans are growing pessimistic about the economy because of it. Read more »

Dow Nasdaq S&P +104.95   +161.98   +29.92 36,157.58   15,811.58   4,660.57 +0.29%   +1.04%   +0.65% YTD +18.14%   YTD +22.68%   YTD +24.08%

Biggest Winners FMC Corp +12.62%   Centene Corp +6.58%   Weyerhaeuser Co +5.86%   CVS Health Corp +5.69% Biggest Losers Charles River Laboratories International Inc -10.22%   Paycom Software Inc -7.39%   Generac Holdings Inc -6.24%   Steris plc -5.92%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $80.02 -3.89 / -4.64% Gold $1,772.80 -16.60 / -0.93% 10-yr 1.58% +0.03 Euro $1.16 +0.00 / +0.28%

Hi, let us know what you think of this newsletter!   Tell us what you want to read more of... and less of. Email your tips and feedback to MarketsNowFeedback@turner.com

Sign up for Reliable Sources newsletter   Sign up for Before the Bell newsletter

Tips, thoughts or questions are always welcome at MarketsNowFeedback@turner.com   Want to change how you receive these emails? You can unsubscribe from this list   ® © 2021 Cable News Network Inc. A WarnerMedia Company. All Rights Reserved. You are receiving this message because you subscribed to CNN Business's "Markets Now" newsletter. Our Mailing address is: Cable News Network, Inc. 1 CNN Center Atlanta, GA 30303