DOW hits new record as Fed holds course on three cuts, despite hawkish undertones

US stocks surged sharply higher overnight, with DOW and S&P 500 closing at new record highs. Market participants expressed relief and optimism as Fed’s maintained forecast of three rate cuts for the year. Fed Chair Jerome Powell’s remarks during the press conference further buoyed investor sentiment, emphasizing that the recent inflation data “haven’t really changed […]

The post DOW hits new record as Fed holds course on three cuts, despite hawkish undertones appeared first on Action Forex.