Market Insider

It's all about the Fed, but watch for these flareups

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The Federal Reserve in the coming week may finally signal it is on a course to raise interest rates for the first time in nine years.

Anticipation of a change in its more than 6 year old zero-rate policy has been sending ripples through financial markets, lifting the dollar and driving commodity prices lower. Stocks have swung wildly, with the Dow making four triple-digit moves in both directions in the past week.

The Fed meets Tuesday and Wednesday and is expected to remove the word "patient" from its statement, putting markets on notice that it is getting ready to consider a rate hike as early as June. Markets have shifted ahead of the central bank—with a strengthening dollar increasingly viewed as a negative factor for the stock market.