Page 2 - Mid Cycle Adjustment News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Time now for money, power, politics. markets are slightly up this morning after the federal reserve announced it was cutting interest rates yesterday. and this comes after the market then dropped more than 300 points, right after the announcement. i'm joined now by cnbc's chief economics reporter and ben white, politico chief economic correspondent and host of the politico money podcast. steve, i thought the market loves a rate cut. why would the dow plunge? >> that's the thing, stephanie, is the market loves rate cuts and the market loves two rate cuts and the market loves three rate cuts. po...

We begin with lauren. what happened? >> let's just put this in perspective, neil. this is the first rate cut since the financial crisis. the first cut in a decade. if you want to look longer as that, the fifth time in 25 years where you have a federal reserve going from hiking rates -- we've had nine increases since 2015. so we went from hiking to cutting. if you look back at history, it's usually not one and done. the reason the dow fell more than 300 points today is that it seems to think, the market does, we might be one and done here. here's the statement that investors are picking up on f...