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Dow Jones jumps as Fed cuts rates again

Business

The Dow Jones soared 583.94 points on Wednesday after the Federal Reserve trimmed interest rates, aiming to address economic concerns.
The decision wasn't unanimous, with some policymakers still unsure about the next steps.

Why does this matter?

The Fed signaled it might pause further rate cuts for now, saying it needs more proof that inflation is cooling off.
Still, they bumped up their 2026 economic growth forecast and kept unemployment steady—helping reassure investors that things aren't spiraling.

What else moved the markets?

The S&P 500 and Nasdaq also finished higher, with industrial stocks leading the way.
GE Vernova, an energy equipment manufacturer, popped over 15% after sharing a strong outlook tied to rising demand for AI-related infrastructure.