Dow surges after Federal Reserve keeps interest rates unchanged

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Dow surges after Federal Reserve keeps interest rates unchanged – CBS News

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The Dow soared more than 500 points on Wednesday, closing over 37,000 for the first time. The surge came after the Federal Reserve said it is keeping interest rates unchanged for the third time in a row. Gregory Daco, chief economist at Ernst and Young, joins CBS News to unpack the Fed’s decision.

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