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Dow closes down over 1,000 points as Fed leaves rates unchanged

Name: Dow closes down over 1,000 points as Fed leaves rates unchanged
Uploaded: 2026-07-29T16:10:00-0400
Duration: 6 min 26 s
Description: Amid energy price spikes caused by the Iran war and persistently high inflation, the Federal Reserve decided on Wednesday to hold interest rates steady for the fifth straight time. CBS News MoneyWatch correspondent Kelly O'Grady reports.

Amid energy price spikes caused by the Iran war and persistently high inflation, the Federal Reserve decided on Wednesday to hold interest rates steady for the fifth straight time. CBS News MoneyWatch correspondent Kelly O'Grady reports.