Federal officials appear to be preparing to take action to slow market gains. This move is expected to involve rate hikes. The Federal Reserve, often referred to as the Fed, seems to have reached a point where it is no longer willing to wait.

Further details about the potential rate hikes and their intended impact are available from 24/7 Wall St. The source indicates that officials sound ready to halt market gains, but specific information about the timing and extent of the rate hikes is not provided here.

More information can be found through the original source, which discusses the Fed's stance and its potential effects on the markets.