Fed Signals Rate Pause, Stocks Hit New Highs as Inflation Moderates
- Federal Reserve signals it is done hiking rates and hints at cuts in 2024, sending stocks to new highs
- Dow tops 37,000 for the first time ever as investors cheer Fed news
- Inflation moderates but prices still high for some items like food
- Intel CEO bets big on artificial intelligence with new "AI PC" product line
- Costco sees demand for precious metals like gold from its warehouse shoppers