The article discusses the stock market’s reaction to the Federal Reserve’s latest policy meeting, where it signaled interest rate hikes through 2024 to combat inflation. Nvidia’s shares surged, leading a tech rally, as investors anticipated strong demand for its artificial intelligence chips. The Fed raised rates by 25 basis points and projected at least one more hike this year, with the potential for additional increases in 2024. Despite concerns about economic growth, investors were encouraged by the Fed’s commitment to controlling inflation. The tech-heavy Nasdaq Composite outperformed, boosted by gains in Nvidia and other AI-related stocks. However, the broader market remained volatile, reflecting ongoing uncertainty about the economic outlook and the Fed’s policy path.