The Dow Jones Industrial Average fell more than 1,100 points after the Federal Reserve cut interest rates but signaled they might stay higher than investors expected in 2025. The blue-chip index gave up an early gain and posted its largest slide since August after Fed officials lowered rates by a quarter percentage point and disappointed investors by signaling just two more cuts next year. Investors’ expectation for lower rates ahead was among the factors that powered stocks to records in recent weeks, with the Dow industrials hitting an all-time high above 45000 earlier in December.