CNBC Daily Open: Jerome Powell flipped the script
Publishing timestamp: 2023-03-23 02:23:25
Summary
The U.S. Federal Reserve hiked interest rates by 0.25 percentage points, but signaled that there would likely only be one more hike this year before pausing. However, Fed Chair Jerome Powell's warnings about the economy and tighter credit conditions caused concern for investors and led to a decline in the stock market. Specific companies such as GameStop and Tencent had mixed performance.
Sentiment: MIXED
Keywords: inflation, gamestop corp, u.s. economy, janet yellen, united states, markets, banks, u.s. department of the treasury, interest rates, world markets, business news, jerome powell, tencent holdings ltd, economic events,
Source: https://www.cnbc.com/2023/03/23/stock-markets-jerome-powell-flipped-the-script.html