Stocks dive ahead of expected Fed interest rate hike
Summary
Stock prices dropped on Tuesday as investors prepared for the Federal Reserve's decision on raising interest rates scheduled for Wednesday. The market showed caution ahead of this announcement.Key Facts
- Stocks were mostly down on Tuesday.
- Investors expected the Federal Reserve to raise interest rates.
- The decision was planned for Wednesday.
- Higher interest rates can affect borrowing costs and the economy.
- Market participants were cautious before the Fed meeting.
- CBS News contributor Javier David provided a preview of the meeting.
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