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 cut rates by 50 points, with plans for another cut by 2025.
- 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.
- 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.
- Federal Reserve cut rates by 50 points, with plans for another cut by 2025.
- 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.
- 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.