CNBC Daily Open: Inflation and interest rates might go higher, warns the Fed
Publishing timestamp: 2023-08-17 02:00:01
Summary
The Federal Reserve is still worried about inflation and the potential need for more interest rate hikes. U.S. markets fell for the second consecutive day and Treasury yields rose. China's economy is affecting other Asian countries, and European companies with ties to China are at risk. The Fed's minutes suggest that interest rates may need to go higher. U.S. economic data is coming in stronger than expected. Stock markets declined, but there may be opportunities for investors in certain stocks.
Sentiment: MIXED
Tickers: .SPX, .DJI, TSLA, .IXIC, NVDA,
Keywords: business news, world markets, technology, dow jones industrial average, markets, united kingdom, economic events, nasdaq composite, interest rates, nvidia corp, tesla inc, s&p 500 index, inflation, australia, japan, united states, china, prices,
Source: https://www.cnbc.com/2023/08/17/stock-markets-inflation-and-rates-might-go-higher-warns-the-fed.html