The Dow drops 450 points as hopes for an interest rate cut fade
qz.com › dow-drops-labor-data-the-fed-meeting-amazon-1851446984
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It was a rough day for the Dow and other indexes as hotter-than-expected labor data increased speculation that the Federal Reserve would not be cutting interest rates anytime soon. The Federal Open Market Committee (FOMC) meeting began today, and the interest rate decision will be made Wednesday afternoon.