Forex
US Stocks Tumble Amid Fed Decision and Mideast Uncertainty
US stock markets closed sharply lower on Wednesday after the Federal Reserve's announcement to leave interest rates unchanged.
The Dow Jones Industrial Average fell over 1,100 points, while the Nasdaq and S&P 500 lost more than 1.5% each.
The Fed voted 9-3 to maintain interest rates at 3.5% to 3.75%, citing inflation above its 2% target.
Renewed fighting in the Middle East and rising oil prices contributed to investors' concerns, with Brent crude oil reaching $91 a barrel after being as low as $72 this month.