Dow closes down over 1,000 points as Fed leaves rates unchanged

Amid energy price spikes caused by the Iran war and persistently high inflation, the Federal Reserve decided on Wednesday to hold interest rates steady for the fifth straight time. CBS News MoneyWatch correspondent Kelly O'Grady reports.

Continue reading at CBS News →

Dow closes down over 1,000 points as Fed leaves rates unchanged

Immigration

Trump Admin Cannot Use Travel Ban Against Asylum Seekers, Judge Rules

Pope Leo details family’s slavery history in visit with Tom Llamas

Pope Leo details family’s slavery history in interview with Tom Llamas

Latest

Trump's voided presidential pardon backfires in Fauci fight

Dow sinks 1,100 points after Fed holds off on hike

Singer Noah Kahan becomes latest to go to war with Donald Trump

Cyclospora Outbreak Raises Risks for Some

These charts show how the number of Big Tech employees is changing as companies embrace AI

Ann Bids Farewell to Gay USA After 30 years | Gay USA 7/29/2026

Senate unanimously passes resolution opposing pardon for Ghislaine Maxwell

Two Tankers Hit in Apparent Drone Strike in Egypt

Watch & Listen

What you need to know about cyclosporiasis

DATA CENTERS ARE F*CKED | The Kyle Kulinski Show

Ann Bids Farewell to Gay USA After 30 years | Gay USA 7/29/2026

MAGA IN TOTAL COLLAPSE As Independents COMPLETELY ABANDON THEM!! | The Kyle Kulinski Show

Dow closes down over 1,000 points as Fed leaves rates unchanged

Related

Dow sinks 1,100 points after Fed holds off on hike

Fed holds interest rates steady despite Trump’s renewed calls to lower them

Carvana stock falls 15% as auto retailer's 2026 earnings guidance misses Wall Street's expectations

Jeffrey Gundlach says the bond market is telling Warsh the Fed has to start acting on inflation

Immigration

Trump Admin Cannot Use Travel Ban Against Asylum Seekers, Judge Rules

Pope Leo details family’s slavery history in visit with Tom Llamas

Pope Leo details family’s slavery history in interview with Tom Llamas

Latest

Trump's voided presidential pardon backfires in Fauci fight

Dow sinks 1,100 points after Fed holds off on hike

Singer Noah Kahan becomes latest to go to war with Donald Trump

Cyclospora Outbreak Raises Risks for Some

These charts show how the number of Big Tech employees is changing as companies embrace AI

Ann Bids Farewell to Gay USA After 30 years | Gay USA 7/29/2026

Senate unanimously passes resolution opposing pardon for Ghislaine Maxwell

Two Tankers Hit in Apparent Drone Strike in Egypt

Watch & Listen

What you need to know about cyclosporiasis

DATA CENTERS ARE F*CKED | The Kyle Kulinski Show

Ann Bids Farewell to Gay USA After 30 years | Gay USA 7/29/2026

MAGA IN TOTAL COLLAPSE As Independents COMPLETELY ABANDON THEM!! | The Kyle Kulinski Show

The movement, in your inbox