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
The Federal Reserve cut interest rates by 50 basis points, citing a need to recalibrate monetary policy. The move is expected to boost the economy, but markets were mixed in response.
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
The Federal Reserve cut interest rates by 50 basis points, citing a need to recalibrate monetary policy. The move is expected to boost the economy, but markets were mixed in response.