Nvidia and Nasdaq Hit Record Highs Amid AI Surge

Nvidia and Nasdaq hit record highs amid an ongoing AI rally, while Minneapolis Fed President Neel Kashkari suggests that interest rates may remain high for an extended period to combat inflation, though he does not rule out future rate hikes. The Fed's recent decision to maintain rates at a 23-year high reflects ongoing concerns about inflation, with upcoming data from the Personal Consumption Expenditures index expected to provide further insights.