"Wall Street Soars as Fed Signals Rate Cuts and Dow Jones Hits Record High"
US stock futures rose as investors celebrated the Federal Reserve's dovish shift, with futures on the Dow Jones Industrial Average up 0.3% and S&P 500 futures up 0.3%. The Fed's decision to keep interest rates unchanged and its forecast of three rate cuts next year surprised and thrilled investors, leading to fresh record highs for stocks. The Fed's forecasts also indicated a "soft landing" for the US economy, with cooling inflation, muted unemployment, and moderated economic growth. Oil prices also rose, while central bank decisions and corporate news are being closely watched.
