CNBC Daily Open: Markets fall as the Fed shows no sign of pausing interest rate hikes
Publishing timestamp: 2023-02-23 01:24:42
Summary
The Federal Reserve's February meeting minutes revealed that members believe ongoing interest rate increases are necessary. U.S. stocks ended Wednesday lower, though Asia-Pacific markets were mixed. Tesla CEO Elon Musk met California Governor Gavin Newsom, Nvidia beat earnings and revenue expectations, and Coinbase's fourth-quarter results beat Wall Street's estimates. Despite the Fed's hawkishness, signs point to no-landing scenario, which should give investors some comfort.
Sentiment: MIXED
Tickers: PANW, TSLA, NVDA, COIN,
Keywords: technology, interest rates, world markets, elon musk, california, inflation, united states, federal reserve bank, coinbase global inc, tesla inc, business news, cryptocurrency, nvidia corp, palo alto networks inc, central banking, gavin newsom, south korea, jobs, markets,