US major indices are all closing at record levels as investors cheer the FOMC rate decision and comments from Fed Chair Powell. Although the chair was not overly committed to timing for interest rate cuts, he did reiterate that the high in rates was likely in place. What he and the Fed didn't do was lower the number of cuts in 2024. The FOMC remains at three cuts for 2024. Investors breathed a sigh relief and bought.The final numbers are showing:Dow industrial average rose 401.37 points or 1.03% at 39512.12S&P rose 46.11 points or 0.89% at 5224.63NASDAQ index rose 202.61 points or 1.25% at 16369.40The small-cap Russell 2000 also rose with a gain of 39.17 points or 1.92% at 2074.88.Some winn
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