"US Stocks Surge as Fed Maintains Rates, Forecasts 3 Cuts in 2022"

US stock indexes hit record highs after the Federal Reserve held interest rates unchanged and projected three rate cuts this year, with the S&P 500, Dow Jones, and Nasdaq all reaching new records. The Fed's decision led to a broadening in the market rally, with sectors like Industrials, Materials, and Financials hitting record highs. Additionally, Mizuho Americas director David Bellinger prefers Lowe's over Home Depot as a housing recovery looms, and Intel stock rose after the White House announced $8.5 billion in funding through the CHIPS Act.