Dow sinks 1,100 points after Fed holds off on hike
Summary
The stock market dropped significantly after the Federal Reserve decided not to raise interest rates, even though inflation remains high. The Dow Jones fell over 1,100 points, marking its biggest drop since April 2025.Key Facts
- The Federal Reserve kept interest rates unchanged.
- Inflation is still a concern despite the Fed's decision.
- The Dow Jones Industrial Average fell by 1,153.18 points (2.19%).
- This was the Dow's largest one-day drop since April 2025.
- In April 2025, President Trump introduced new tariffs called “Liberation Day” tariffs.
- The S&P 500 index also dropped by 1.52%.
- The stock decline shows investor worry about the economy and inflation.
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