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CNBC Daily Open: Fed signals rate cut; U.S. stocks soar; oil gains as Middle East tensions rise

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The Fed kept its benchmark rate steady at 5.25% to 5.50%, but Chair Jerome Powell signaled the U.S. central bank could cut rates in its September meeting.

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 subscribein its September meeting. The Fed's overnight borrowing rate, currently at its highest in 23 years, has held steady over the past year but is widely expected to come down this year as inflation begins to ease.as second-quarter revenue grew 22% to $39.

Exports to China from countries including Israel, Taiwan, Singapore and Malaysia will, however, be impacted by the U.S. rule, according to the report.in extended trading on Wednesday after the chip-architecture firm's tepid earnings forecast for the current quarter and the full fiscal year.the latest to say it would seek compensation for the disruptions caused by the software company's botched upgrade in July.the massive IT outage cost the carrier around $500 million.

 

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