Dow tumbles after Fed raises interest rates for first time since 2023
The Dow Jones Industrial Average fell approximately 1.2% on Wednesday. The decline followed the Federal Reserve's decision to implement its first interest rate hike since July 2023.
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.
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