Dow closes down 1,000 points as Fed votes to leave interest rates unchanged

Investors had a selloff Wednesday with the Dow closing down 1,000 points amid the Federal Reserve's decision to keep interest rates flat. CBS News' Richard Escobedo breaks it down.

The Associated Press explains the U.S. Federal Reserve's decision to leave interest rates unchanged.

Wall Street ended sharply lower on Wednesday (Jul 29) after the Federal Reserve held interest rates steady, with AI-related chip stocks adding to recent declines ahead of quarterly reports from Microsoft and Meta Platforms and the Nasdaq 100 index marking an 11 per cent drop from its June record high. The Fed's widely

Markets should be ‘on alert for a hike in September, particularly with war clouds pushing up energy prices again,’ one economist says

The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war

The stock market opened with the Dow falling 400 points on Wednesday ahead of the Federal Open Market Committee's latest interest rate decision.

Inflation and affordability are top issues for the Federal Reserve’s rate-setting committee as it votes on whether to raise interest rates or keep them steady.