Wall Street suffered its worst day of 2026 as the Federal Open Market Committee voted 9-3 to hold benchmark interest rates steady at 3.5%–3.75%, with three dissenters favoring a quarter-point hike.
The Dow Jones Industrial Average plunged 1,153.18 points (-2.19%), signaling market fear that Fed Chair Kevin Warsh's approach won't tame inflation and could lead to even higher rate hikes down the line.
