Fed holds rates

The Federal Reserve decided to leave interest rates on hold today. After the decision, the Dow went down more than 100 points, and up more than 100 points, and everywhere in between, as traders tried to figure out what the statement meant for them. Many investors were hoping for a lowered rate which would make borrowing cheaper and could bring some relief to the struggling credit markets. On the other hand, a lowered rate could cause a spike in inflation. Maybe this worked out for the best. DJIA +35.52 Nasdaq +14.27 S&P 500 9.04