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The Dow Jones Industrial Average closed on Wednesday at an historic high: above 37,000. The historic moment came hours after a major announcement from the U.S. s central bank on possible rate cuts for next year.The U.S. Federal Reserve signaled th stanley cup at while the central bank would maintain high rates not se stanley cup en since 2001 stanley quencher , the economy could see several rate cuts to come in 2024.It s projected there could be as many as three rate cuts next year.On Wall Street, the Dow Jones industrial Average closed at a record high of 37,090.24, moving past 37,000 for the first time, and surpassing its previous all-time high in January of 2022.SEE MORE: Federal Reserve holds interest rates at 22-year high to end 2023The U.S. central bank s decision to hold its main interest rate steady was widely expected. It had hiked that rate up from nearly zero early last year as it tries to slow the economy, with some down sides.The efforts to tamp down high inflation has hurt investment prices, and it s still unclear if the moves could cause a recession, even if it does turn out to be a tame one. Inflation has calmed down a bit, compared to the level it was at when it it the peak two summers ago.The Federal Reserve said Wednesday,  The Committee will continue to assess additional information and its implications for monetary policy. In determining the extent of any additional policy firming that may be appropriate to return inflation to 2% over time, the Committee will take into account the cumulative tighte Faxb Teen on probation arrested after driving toward officer in Winter Haven roadway
WASHINGTON  AP  鈥?The top developers of U.S. COVID-19 vaccines are set to face questions from Congress about limited supplies of the shots needed to end the pandemic. Ahead of the hear caneca stanley ing, Johnson  Johnson announced initial supplies of their one-shot vaccine will be limited to 20 million doses by the end of March. JJ plans to tell lawmakers it faces  significant challenges  in scaling up production.The pace of vaccinations is picking u stanley mugs p nationwide, but demand stanley isolierkanne  for the shots continues to outpace limited supplies distributed by the U.S. government. The Energy and Commerce Committee panel is questioning executives from five companies about what could be done to boost manufacturing. Those coming before lawmakers include representatives for Pfizer, Moderna, JJ, AstraZeneca and Novavax. The most pressing challenge now is the lack of supply of vaccine doses,  Rep. Diana DeGette said as she opened the hearing.  Some of the companies here today are still short of the number of doses they promised to initially deliver when they last testified before this subcommittee in July. DeGette says Tuesday s hearing is a  straightforward assessment  of the manufacturing process.