Chair Powell downplayed inflation concerns, keeping three rate cuts in Fed’s dot plot for 2024. US stocks were boosted higher to a record close, with Russell outperforming the broader indices. AI momentum is likely to be fueled further with Micron’s strong beat on earnings, and focus turns to Nike and Lululemon today. The dollar plunged on market taking the Fed outcome as dovish, and FX traders could be focusing on CHF and GBP today as their central banks meet. Gold rallied to $2200, and momentum in crude oil is also extending further. {table} (full story)