Stock market plunges after Fed announcement | LiveNOW from FOX

Stocks took a tumble after the Federal Reserve signaled that there may be fewer interest rate cuts in 2025.

The Dow Jones Industrial Average fell more than 1,100 points after the Fed’s announcement.

The declines followed the Fed’s widely expected interest-rate cut, its third of 2024. The Nasdaq Composite also dropped 3.6% and the S&P 500 lost nearly 3%.

LiveNOW’s Andy Mac spoke about today’s financial news with David Ragland, Chief Executive Officer of IRC Wealth.

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