NPR News: 12-18-2024 7PM EST

166.903 - 184.432 Jack Spear

One of the worst days of the year on Wall Street as investors sold off after the interest rate setting. The Federal Reserve signaled the pace of interest rate cutting in the new year will be slower than previously forecast. Fed cut rates by a quarter point, but signaled only two rate cuts are likely next year. The Dow plunged 1,123 points, a drop of more than 2.5%. The Nasdaq fell 3.5% today.