Stock market rose to near all-time highs after the Federal Reserve cut interest rates, with investors optimistic about additional cuts coming in 2026.

Powell signaled the Fed can pause and assess, with traders now betting 71% odds on at least two rate cuts in 2026.

Three Fed officials opposed the cut, split between wanting deeper reductions and opposing easing amid concerns about persistent inflation and cooling job markets.

The stock market rose to the edge of its record on Wednesday after the Federal Reserve cut its main interest rate to bolster the job market, and hopes strengthened for more cuts to come in 2026.

The S&P 500 climbed 0.7% and finished just shy of its all-time high, which was set in October. The Dow Jones Industrial Average jumped 497 points, or 1%, and the Nasdaq com

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