The Fed is getting ready to raise interest rates

The Federal Reserve is getting ready to raise interest rates, the central bank said in its monetary policy update Wednesday. But it kept rates near zero for now.

News: What you need to know about the markets     The Fed is getting ready to raise interest rates The Federal Reserve is getting ready to raise interest rates, the central bank said in its monetary policy update Wednesday. But it kept rates near zero for now. Read more »   Rate hikes have been good for stocks. This time might be different The market has churned intensely this week as investors get to grips with expectations that the Federal Reserve will soon begin aggressively hiking interest rates in an effort to cap surging inflation. Read more »   Exclusive: Oscar Mayer hot dogs and Velveeta cheese will get more expensive The makers of top food and consumer goods brands plan to raise prices in the spring, dashing shoppers' hopes for a quick drop in their grocery bills. Read more »   Just forget your 401(k) password This week's market turmoil may feel like a shock. But many economists say the shocking thing is that it didn't happen sooner. Read more »   What is SWIFT and why it might be the weapon Russia fears most Some are calling it the "nuclear option." Read more »   Climate change is coming for our coffee Bad news for coffee lovers: Climate change will make it much harder to grow Arabica coffee in the coming years, according to a study published Wednesday in the scientific journal Plos One. Read more »

Dow Nasdaq S&P -129.64   +2.82   -6.52 34,168.09   13,542.12   4,349.93 -0.38%   +0.02%   -0.15% YTD -5.97%   YTD -13.44%   YTD -8.73%

Biggest Winners Corning Inc +11.16%   Archer-Daniels-Midland Co +5.70%   Schlumberger NV +2.60%   Lincoln National Corp +2.38% Biggest Losers AT&T Inc -8.42%   TE Connectivity Ltd -5.68%   Clorox Co -5.62%   CF Industries Holdings Inc -5.12%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $87.32 +1.72 / +2.01% Gold $1,817.90 -34.60 / -1.87% 10-yr 1.85% +0.07 Euro $1.12 -0.01 / -0.55%

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