Dow falls more than 1,000 points after Fed holds rates steady
- 1On Wednesday the Dow Jones Industrial Average fell more than 1,000 points after the Fed's decision to hold rates steady.
- 2The Fed held rates at 3.5–3.75%, with three members backing a hike, and U.S. crude oil traded near $85 a barrel.
- 3Following recent five-year plunges, the median weekly loss is 1.14%, while median returns of roughly 2% and 9.1% one and three months out suggest the fallout could continue.
This 3-line summary is compiled from the report below.
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