The USA500 is currently trading higher just above 5,200 levels.
U.S. stocks soared to record highs following an optimistic message from the Federal Reserve, which opted to keep interest rates steady. However, the Fed's dot plot hinted at the potential for three 0.25% rate cuts in 2024, with additional reductions expected in 2025.
The S&P 500 surged 0.9% to achieve a new closing peak, while the Nasdaq Composite rose by 1.25%. Concurrently, the yield on the 10-year Treasury, which typically moves inversely to prices, dipped to approximately 4.28%.
