Watch CBS News

Dow closes more than 700 points down after Fed holds rates steady

Name: Dow closes more than 700 points down after Fed holds rates steady
Uploaded: 2026-03-18T16:04:00-0400
Duration: 4 min 6 s
Description: 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.

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.