Wall Street Reacts to Federal Reserve's Rate Decision

In a move that sent ripples through the financial markets, the United States Federal Reserve's Federal Open Market Committee (FOMC) announced its decision to maintain interest rates within the range of 4.25% to 4.50%. This announcement led to a noticeable downturn in major stock indexes on Wall Street this Wednesday.

Market Impact

By 2:11 pm ET, the Dow Jones Industrial Average had fallen by 234 points, marking a 0.49% decrease. Similarly, the Nasdaq 100 and the S&P 500 experienced declines of 0.79% and 0.82%, respectively. The euro also felt the impact, trading 0.28% lower against the US dollar at 1.04019.