Summary of CNBC Daily Open: Markets need time to digest the 50-point cut
Summary of CNBC Daily Open: Markets need time to digest the 50-point cut
Federal Reserve cut rates by 50 points, with plans for another cut by 2025. The market response was mixed, with slight losses in the U.S. but gains in Asia. Poll shows possibility of Kamala Harris winning over Donald Trump. Ray Dalio emphasizes the significance of the upcoming election and calls for balanced interest rates. The rate cut is expected to boost returns for riskier assets. Powell aims to reassure investors despite the larger-than-expected rate cut, highlighting the Fed's proactive stance.
quoting nevent1q…djw2CNBC Daily Open: Markets need time to digest the 50-point cut
Fed Chair Jerome Powell spent a big portion of the post-meeting press conference massaging sentiment.
https://www.cnbc.com/2024/09/19/cnbc-daily-open-markets-need-time-to-digest-the-50-point-cut.html
Federal Reserve cut rates by 50 points, with plans for another cut by 2025. The market response was mixed, with slight losses in the U.S. but gains in Asia. Poll shows possibility of Kamala Harris winning over Donald Trump. Ray Dalio emphasizes the significance of the upcoming election and calls for balanced interest rates. The rate cut is expected to boost returns for riskier assets. Powell aims to reassure investors despite the larger-than-expected rate cut, highlighting the Fed's proactive stance.