“Twenty-four little hours / Brought the sun and the flowers / Where there used to be rain,” sings Dinah Washington. She could've been singing about markets.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeJerome Powell's use of the word "recalibration"
worrying. It signaled the Fed wasn't responding to a slowing economy, but shifting focus to ensuring employment doesn't dip further, wrote CNBC's Jeff Cox.. The decision was nearly unanimous: Only one out of nine members in the Monetary Policy Committee voted to reduce rates by a quarter percentage point. Market watchers expect the BOE to cut rates at its next meeting in November.
At the end of Washington's song, she croons, "What a difference a day makes / And the difference is you." Powell can perhaps feel like Washington's serenading him.Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are.
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