Nasdaq drops nearly 2% as Fed warns rate cuts aren't coming soon: Stock Market News Today

Published: Aug. 24, 2023, 10:05 p.m.

b"Stocks reversed lower on Thursday as\\xa0another blowout quarterly earnings report\\xa0from Nvidia couldn't overcome new comments from the Federal Reserve suggesting interest rates will need to remain elevated for a long period of time to bring inflation down.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"