CNBC Daily Open: Stubborn inflation is a problem for the Fed
Publishing timestamp: 2024-03-13 03:33:51
Summary
Asia markets were mixed, with Japan trading lower and South Korea rising. Speculation that Bank of Japan may exit negative rate policy soon. Central banks worldwide could make rate cut pivot in 2024. Boeing crisis impacting airlines. Experts discuss whether to buy or sell Nvidia. Inflation data came in hot for second straight month, posing a problem for Fed's deliberations on rate cuts. Markets await Fed meeting next week.
Sentiment: MIXED
Tickers: ALK, .IXIC, .N225, SPGI, .DJI, .SPX, BA, SCHW, UAL, ORCL, LUV,
Keywords: world markets, united airlines holdings inc, prices, markets, japan, donald trump, charles schwab corp, boeing co, united states, jerome powell, nikkei 225 index, oracle corp, s&p global inc, china, s&p 500 index, dow jones industrial average, alaska air group inc, southwest airlines co, south korea, nasdaq composite, business news,
Source: https://www.cnbc.com/2024/03/13/cnbc-daily-open-stubborn-inflation-is-a-problem-for-the-fed-.html