Stocks Settle Higher as Chip Makers and AI Infrastructure Stocks Rally

Fed comments on Thursday were hawkish and negative for stocks. Dallas Fed President Lorie Logan signaled that she may not support a Fed rate cut at this month's FOMC meeting, saying, "I see inflation running above our 2% target." As a result, "my forecast has a little bit slower of a normalization of the policy path in order to make sure we get all the way to 2%. So, it will take some time." Also, Chicago Fed President Austan Goolsbee said the US economy is still growing "pretty solidly" and we want to "be ...