Wall Street soars on Fed moves, Dow Jones hits record high

NEW YORK, New York - U.S. stocks soared on Wednesday after the Federal Reserve left official interest rates unchanged and signaled three rate cuts are on the horizon.

The news sent the Dow Jones industrials above 37,000 to touch a new record high.

"The Fed has given the market an early holiday gift today when, finally, for the first time, they have commented positively about inflation," Gina Bolvin, preside