Daily Poll: Interest rates may be raised sooner or at a faster pace?

Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.

Stocks finished sharply lower Wednesday after the release of minutes of the Federal Reserve's last policy.
What did stock benchmarks do?

$Dow Jones Industrial Average (.DJI.US)$ , shed 392.54 points, or 1.1%, to end at 36,407.11, its worst daily percentage drop since Dec. 20.

$S&P 500 Index (.SPX.US)$ fell 92.96 points, or 1.9%, closing at 4,700.58, its steepest daily percentage fall since Nov. 26.

$Nasdaq Composite Index (.IXIC.US)$ tumbled 522.54 points, or 3.34%, finishing at 15,100.17, its sharpest daily percentage slump since Feb. 25, 2021.

Source:
Nasdaq books worst day in 11 months, S&P 500 skids 1.9% after Fed minutes surprise with talk of shrinking balance sheet