The Wenatchee World

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Tonight

Lo23° Snow Likely then Partly Cloudy

Tuesday

Hi37° Sunny

Tuesday Night

Lo31° Partly Cloudy

Wednesday

Hi50° Mostly Sunny

Wednesday Night

Lo32° Mostly Cloudy

Thursday

Hi43° Slight Chance Rain

Thursday Night

Lo32° Mostly Cloudy then Chance Rain

Friday

Hi44° Chance Rain

Friday Night

Lo28° Slight Chance Showers

Saturday

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NEW YORK (AP) — Higher interest rates are coming. And they are coming sooner than you think. That’s the message investors took away from the Federal Reserve on Wednesday. In response, they sent stocks and gold prices lower and bond yields sharply higher. The Dow Jones industrial average lost 114.02 points, or 0.7 percent. The Dow fell as much as 209 points before erasing some of its loss.

The Fed voted to cut its monthly bond purchases from $65 billion…

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