"US Stocks Surge as Fed Signals Three Rate Cuts Ahead: Live Updates"

The US stock market rose after the Federal Reserve held interest rates steady and projected three rate cuts this year, in line with market expectations. The Fed also boosted its outlook for economic growth, leading to gains in economic sensitive sectors. Additionally, Mizuho Americas director David Bellinger prefers Lowe’s to 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.