NY stock market Dow Jones Industrial Average hits all-time high following Fed meeting. yen market temporarily declined due to the view that interest rate cuts will be carried out as expected this year.

In response to the outlook for future interest rates presented by the Federal Reserve Board and Chairman Powell's press conference. In addition to rising to the low 150 yen level to the dollar, the Dow JonesIndustry Average hit a new all- time high of $39,512.13, an increase of $401.37.