CNBC Daily Open: Stubborn inflation complicates rate-cut plan
Publishing timestamp: 2024-03-25 21:54:54
Summary
Wall Street closed lower after last week's rally, Bitcoin jumped to $70000, FTX selling stake in AI startup, Trump Media to start trading on NASDAQ, U.S. and Britain blame China-linked hackers, investors advised to look beyond Nvidia due to high stock price, Fed officials cautious about cutting interest rates due to persistent inflation.
Sentiment: MIXED
Tickers: .N225, .KS11, BTC.CM=, .IXIC, .SPX, .DJI, SPGI,
Keywords: united states, china, dow jones industrial average, s&p global inc, nikkei 225 index, bitcoin/usd coin metrics, donald trump, nasdaq composite, shanghai, kospi index, s&p 500 index, world markets, business news, markets,
Source: https://www.cnbc.com/2024/03/26/cnbc-daily-open-stubborn-inflation-complicates-rate-cut-plan.html