CNBC Daily Open: Jerome Powell’s speech was hawkish. Investors' mood was bullish
Publishing timestamp: 2023-02-07 19:14:38
Summary
Markets reacted positively to Fed Chair Jerome Powell's speech on Tuesday, with the Nasdaq Composite leading the gains. This may have been due to the announcement of new AI chatbot products by Google, Microsoft, and Baidu, or because Powell was not as hawkish as expected. Goldman Sachs Asset Management said PROBonds are poised to make a comeback.
Sentiment: MIXED
Keywords: interest rates, jerome powell, baidu inc, alphabet class a, business news, technology, federal reserve bank, central banking, inflation, neel kashkari, microsoft corp, world markets, markets,