“Dow Jones hits an all-time high as investors cheer progress on inflation”

“…The Dow closed at 37,090 — up more than 500 points, or 1.4 percent, for the day — surpassing a record in January 2022, fueled by the Fed decision to hold rates steady due to progress on inflation. The milestone caps a banner couple of weeks for the U.S. stock market, including the tech-heavy Nasdaq and the S&P 500, bolstered by health-care stocks and promising earnings from technology companies.Inflation drops to 3.1 percent as Fed kicks off final meeting of 2023

The markets have been on a celebratory tear in recent weeks, as signs pile up that the Federal Reserve may be done raising interest rates…”

https://www.msn.com/en-us/money/other/dow-jones-hits-an-all-time-high-as-investors-cheer-progress-on-inflation/ar-AA1lswM7

I’m still of the opinion they will not lower interest rates. Also I said this before but I don’t know if lowering interest rates is a good idea. The economy is between a rock and a hard place.