CNBC Daily Open: Rate cuts need to start before inflation’s 2%
Publishing timestamp: 2024-09-05 02:30:01
Summary
Markets fell for the second day, job openings in the U.S. dropped to the lowest level since January 2021, Chinese companies are looking to expand overseas, confusion in the markets regarding rate cuts and economic data, Atlanta Fed President ready to lower rates despite inflation being slightly higher than 2%, traders believe there is a 45% chance of a 50-basis-point cut at the Fed's September meeting.
Sentiment: MIXED
Tickers: AMD, NVDA, .KS11, .N225, TSLA, .IXIC, .SPX, .DJI,
Keywords: advanced micro devices inc, interest rates, united states, tesla inc, technology, economic events, nasdaq composite, nvidia corp, kospi index, dow jones industrial average, nikkei 225 index, jobs, business news, prices, markets, s&p 500 index, world markets,