Stocks Mixed as Investors Eye Inflation Data and Fed Updates
TL;DR Summary
Nvidia and Nasdaq reached record highs amid an ongoing AI rally, while Minneapolis Fed President Neel Kashkari suggested that interest rates might remain high for an extended period to combat inflation, though he did not rule out future rate hikes. The Fed's recent decision kept rates at a 23-year high, and upcoming inflation data will be crucial in determining future policy actions.
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