Dow Posts Worst Day of Year After Fed Holds Rates Steady

The Dow Jones Industrial Average suffered its worst day of 2026 on Wednesday, plunging 1,153 points (2.2%) to a four-week low after the Federal Reserve decided to leave interest rates unchanged. The decision came amid mounting dissent among central bank officials over how to address rising inflation. Fed Chairman Kevin Warsh stated that officials have 'no tolerance for persistently elevated inflation.' The market selloff was compounded by rising oil prices linked to the ongoing conflict with Iran, adding to investor anxiety over economic stability.

First published Aug 4, 02:54 PM UTCUpdated Jul 29, 08:20 PM UTC1 reports · 1 sources

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Opened from WirecurrentJul 29, 08:20 PM UTC

Dow Posts Worst Day of Year After Fed Holds Rates Steady

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Dow Posts Worst Day of Year After Fed Holds Rates SteadyForbes - BusinessWesternJul 29, 08:20 PM UTC

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Kevin Warsh Federal Reserve Iran