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Dow tumbles after Fed raises interest rates for first time since 2023

Name: Dow tumbles after Fed raises interest rates for first time since 2023
Uploaded: 2026-09-16T16:01:00-0400
Duration: 8 min 7 s
Description: The Dow Jones closed down around 1.2% on Wednesday after the Federal Reserve announced its first interest rate increase since July 2023. CBS News' Kelly O'Grady and Aaron Navarro report.

The Dow Jones closed down around 1.2% on Wednesday after the Federal Reserve announced its first interest rate increase since July 2023. CBS News' Kelly O'Grady and Aaron Navarro report.