Bullet points of CNBC Daily Open: Markets need time to digest the 50-point cut
Bullet points of CNBC Daily Open: Markets need time to digest the 50-point cut
- Federal Reserve Chairman Jerome Powell speaks during a news conference
- Rate cut didn't boost markets
- U.S. Vice President Kamala Harris is more likely to win the presidential election than former President Donald Trump
- Bridgewater Associates Founder Ray Dalio said the upcoming U.S. presidential election would be 'the most consequential election of [his] lifetime'
- The Fed's half-point cut is likely to lower yields on Treasurys, which would prompt investors chasing returns to rotate into riskier assets like equities
- Federal Reserve Chairman Jerome Powell speaks during a news conference
- Rate cut didn't boost markets
- U.S. Vice President Kamala Harris is more likely to win the presidential election than former President Donald Trump
- Bridgewater Associates Founder Ray Dalio said the upcoming U.S. presidential election would be 'the most consequential election of [his] lifetime'
- The Fed's half-point cut is likely to lower yields on Treasurys, which would prompt investors chasing returns to rotate into riskier assets like equities