Dow plunges 1,153 points in worst day of 2026 after Fed holds rates steady

Published Jul 29, 08:20 PM UTC

Editorial responsibility

Prepared by: WorldAttention Editorial Systems
Human review: No named human review is recorded for this page.
Automated steps: Source reporting is collected, normalized, translated or condensed automatically when needed.
Page status: Automatically published source-backed update

How automation and AI are used · Report a correction or rights issue

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.

Source

Forbes - BusinessWestern

Original headline: Dow Posts Its Worst Day Of The Year After Federal Reserve Maintains Interest Rates

Original language: EN-US

Part of this Story

Dow Posts Worst Day of Year After Fed Holds Rates Steady

See the full Story: all sources and camp coverage

People and interests

Kevin Warsh Federal Reserve Iran