Stocks set new record as Fed still sees 3 rate cuts

The FOMC kept its dot-plot steady despite higher growth and inflation forecasts. (0:15) The S&P; 500 closes above 5,200 as yields fell. (0:27) Money manager risk appetite at 2-year high. (4:55)Show NotesJPMorgan Chase increases dividend by ~10% to $1.15Topgolf Callaway spikes after unconfirmed report of potential saleEpisode transcripts seekingalpha.com/wsbSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.