Dow closes more than 700 points down after Fed holds rates steady
Quick Insights
The Bottom Line
The stock market declined over 700 points after the Federal Reserve held interest rates steady for a second consecutive meeting.
How This Affects You
Stock market losses may affect retirement accounts and investment portfolios held by millions of Americans.
AI Summary
The Federal Reserve held its benchmark interest rate unchanged at its latest policy meeting, prompting a sharp market selloff that sent the Dow Jones Industrial Average down more than 700 points on Wednesday. The decision marks the second consecutive meeting where the Fed kept rates steady, signaling a pause in its monetary policy adjustments. Investors had anticipated potential rate cuts or shifts in the Fed's economic outlook, and the unchanged stance disappointed market participants concerned about inflation and economic growth. The decline reflects broader market volatility as traders reassess the trajectory of interest rates and their implications for corporate earnings and borrowing costs. The market's reaction underscores how closely Wall Street monitors Federal Reserve decisions as signals of the economic path ahead.
Source Coverage Map
7 of 43 tracked sources covered this story
Following this story?
Get notified when new coverage appears
Other Sources Covering This Story
5 sourcesMultiple outlets have reported on this story. Compare perspectives from different sources.
This article is part of a story we're tracking:
Should this be getting more attention?
You Might Have Missed
Related stories from different sources and perspectives
FinanceNew economic projections signal a tricky Federal Reserve path
<p>The Federal Reserve will almost certainly hold rates steady, but fresh economic projections and other communications due out Wednesday afternoon will show how the central bank is absorbing two uncomfortable realities at once.</p><p><strong>Why it matters: </strong>The energy shock from the Iran war adds a new factor to the Fed's complicated calculus. Inflation is running hotter than expected, even before the war's impact materializes in the data. Labor market data has been grim, and it's unclear how a sustained oil shock could weigh more heavily on the economy.</p><hr><ul><li>Whatever the projections show will set the table for Fed chair Jerome Powell's successor, Kevin Warsh.</li></ul><p><strong>What they're saying: </strong>"The new dot plot likely will indicate that most members retain a bias to ease policy this year and in 2027," Sam Tombs, chief U.S. economist at Pantheon Macro, wrote in a client note.</p><ul><li>But Tombs cautioned that "the biggest risk to markets" is if n...
Civil RightsFederal judge strikes down Arkansas Ten Commandments in public schools law
An Arkansas law requiring that the Ten Commandments be prominently displayed in public school classrooms has been struck down by a federal judge.
FinanceLive updates: Interest rates steady, Federal Reserve forecasts one rate cut in 2026 - Yahoo Finance
FinanceThe Federal Reserve is facing tough choices as the economy faces deep uncertainty
The Federal Reserve's job is expected to hold its benchmark interest rate steady as it faces inflationary pressure from the war with Iran — and a weakening labor market.
PoliticsThis DHS Official Oversees the Security of Federal Elections. He Wants to Ban Voting Machines.
The post This DHS Official Oversees the Security of Federal Elections. He Wants to Ban Voting Machines. appeared first on ProPublica .
Civil RightsApache women seek court intervention as federal land is turned over for copper mining - AP News
<a href="https://news.google.com/rss/articles/CBMingFBVV95cUxPZXBBcVBobTJWazVmMXNkWmsyTkw4YXVDcnJDRm1UaWM4UWVXanJ0eWUwSmtnMHBidnhZSVgwdjhMMkVjek0zd0themlTakVWQ3lkX0x4X0JRSGVueDE4N0ZWNl85M0VKb0JFb1ltOEtsX09DSFFEbFlaYXJyVGhJNDF4SVJBNTF3V3JfVURFTFgtLU41MXNDNi1IUGtCUQ?oc=5" target="_blank">Apache women seek court intervention as federal land is turned over for copper mining</a> <font color="#6f6f6f">AP News</font>
US Postal Service could run out of money as soon as October - Reuters
<a href="https://news.google.com/rss/articles/CBMimwFBVV95cUxOX0xZZVhKVmJyeExTLUlJZzNuRmRoYUVoTGNPOS1vbXNydTlhcjNMWFF0amNsdEc0WWtYc1M0VVoxbVdDOHpXR3B6S0tSc3J4QzJVWWdkUkRuWW5keV9jampOODVlQ3l3cXdQWDd1NGtmb0dya3RybTRqdnRBT0p4VTlOMHVUbElDSkVvOFB3TUNBaHI2d0dGbFhGOA?oc=5" target="_blank">US Postal Service could run out of money as soon as October</a> <font color="#6f6f6f">Reuters</font>
Did this story change how you see things?
Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.
The Verity Ledger curates verified investigative journalism from trusted sources only.
See our sourcesMost Read This Week
Race on to establish globally recognised 'AI-free' logo
Biggest wildfire in Nebraska history continues to burn out of control - abcnews.com
TikTok and Meta risked safety to win algorithm arms race, whistleblowers say
Defense official reveals how AI chatbots could be used for targeting decisions
Bank of America reaches proposed, non-binding settlement in Jeffrey Epstein suit
