CNBC Daily Open: The Fed tries to cool the heat
Publishing timestamp: 2023-12-17 18:48:05
Summary
The article discusses the impact of "triple witching," the simultaneous expiration of stock options, stock index futures, and options. It also mentions the cooling enthusiasm for rate cuts by the U.S. Federal Reserve, Citigroup employees being allowed to work remotely, the potential job losses due to artificial intelligence, and the focus on the personal consumption expenditure index. The article concludes by stating that the market rally may be subsiding, but signs are pointing to a positive end to the year.
Sentiment: NEUTRAL
Keywords: personnel, interest rates, inflation, banks, labor economy, s&p 500 index, nasdaq composite, dow jones industrial average, technology, federal reserve bank, world markets, business news, markets,
Source: https://www.cnbc.com/2023/12/18/stock-markets-the-fed-tries-to-cool-the-heat.html