CNBC Daily Open: Stubborn inflation complicates rate-cut plan

News Snapshot:

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 subscribe here . Wall Street lower U.S. stocks closed lower Monday taking a breather from a rally sparked last week after the Federal Reserve stuck to its rate-cut forecast. The 30-stock Dow lost more than 150 points to dip 0.4%, while the S&P 500 and Nasdaq Composite fell around 0.3% each. Bitcoin, meanwhile, jumped 7% to retake the $70,000 level. FTX to sell...