Dow closes more than 700 points down after Fed holds rates steady [1OAlzXrBKuD]

The stock market responded negatively on Wednesday after the Federal Reserve left its benchmark interest rate unchanged for a second straight policy meeting. CBS News MoneyWatch correspondent Kelly O'Grady has more. CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries. Subscribe to the CBS News YouTube channel: Watch CBS News 24/7: Download the CBS News app: Follow CBS News on Instagram: Like CBS News on Facebook: Follow CBS News on X: Subscribe to our newsletters: Try Paramount+ free: For video licensing inquiries, contact: [email protected]

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