CNBC Daily Open: Markets soar on dovish Fed
Publishing timestamp: 2023-12-13 18:52:19
Summary
The U.S. Federal Reserve left interest rates unchanged but indicated potential rate cuts in the future. Markets reacted positively, with the Dow Jones hitting a record high and Treasury yields falling. SpaceX's valuation soared to $180 billion. The COP28 climate summit resulted in a deal to transition away from fossil fuels. The article also discusses the drastic reversal in interest rates and the impact on financial markets. Overall, the U.S. economy is on track for a soft landing with rate cuts expected next year.
Sentiment: MIXED
Keywords: business news, climate, s&p 500 index, interest rates, prices, markets, world markets, technology, nasdaq composite, united states, dow jones industrial average, inflation, jerome powell,
Source: https://www.cnbc.com/2023/12/14/stock-markets-markets-soar-on-dovish-fed-.html