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

Summary

Stocks fell sharply Wednesday as the Federal Reserve held interest rates steady again despite continued inflation pressure.  The Dow Jones Industrial Average closed down 1,153.18 points, or 2.19 percent, for its worst decline since April 2025 — when President Trump unveiled his sweeping “Liberation Day” tariffs.  The S&P 500 dipped by 1.52 percent, falling to…