"Market Update: Fed Projects 3 Rate Cuts, Stocks Rise to Record Highs"
TL;DR Summary
Wall Street remains quiet as investors await the Federal Open Market Committee (FOMC) meeting and Fed Chair Jerome Powell's statements, with expectations for unchanged interest rates but potential updates to economic projections. Equity indices and Treasury yields show flat performances, with energy stocks experiencing pullbacks due to a 1.9% easing in oil prices. Bitcoin rebounds, rising 3% to $63,600. Stock movers include Intel Corp., Spotify Technology, Crocs Inc., Tencent Music Entertainment Group, Spirit AeroSystems, Chipotle Mexican Grill, and Equinix Inc.
- Stocks Hold Steady Ahead Of Fed Meeting, Oil Eases, Bitcoin Rebounds: What's Driving Markets Wednesday? - Benzinga
- Dow rises 400 points to record close after Fed says 3 rate cuts are on the way: Live updates CNBC
- Stock market today: US stocks rise as Fed holds rates steady, projects 3 cuts this year Yahoo Finance
- Fed meeting: Dow, S&P 500, Nasdaq end at all-time highs as policymakers maintain rate-cut forecast MarketWatch
- Federal Reserve still foresees 3 interest rate cuts this year despite bump in inflation The Associated Press
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