CNBC Daily Open: Stubborn inflation is a problem for the Fed

Asia markets had a mixed performance, with Japan’s Nikkei 225 and the Topix trading lower, while South Korea’s Kospi rose. The Kosdaq, however, snapped its three-day winning streak. Wall Street closed higher, with the S&P 500 reaching a new record and the Dow and Nasdaq also gaining. The Bank of Japan is speculated to exit its negative rate policy soon, despite high inflation. Central banks worldwide may make a rate cut pivot in 2024, according to economists. Boeing’s delivery delays have affected airlines’ growth plans. Investors are questioning whether to buy or sell Nvidia’s stock, which has surged in 2023 due to the global AI frenzy.