Stocks Hit Record Highs as Fed Signals Rate Cuts Ahead

• Dow jumps 401 points to a record close as Fed vows rate cuts are coming • S&P 500 and Nasdaq also closed at record highs after Fed keeps rates unchanged • Fed forecasts lower unemployment rate and higher economic growth for 2022 • Jerome Powell said hotter inflation data hasn't changed the story of inflation gradually declining • Tesla gained after confirming it will raise prices on China-made Model Y vehicles by $694