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

The stock market took a significant dive Wednesday as the Federal Reserve decided to keep interest rates unchanged despite ongoing inflation concerns. The Dow Jones Industrial Average saw its worst drop since April 2025, falling by 1,153.18 points, or 2.19%. This move has investors concerned that the Fed may be struggling to balance inflation and economic growth. The market's reaction underscores the anxiety about how long-term interest rates might stay elevated, potentially impacting consumer spending and corporate profits.