CNBC Daily Open: The last leg of inflation fight remains tough

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 .

Dow rallies
U.S. stocks ended higher Tuesday as investors awaited the latest Federal Reserve's interest rate decision. The 30-stock Dow closed more than 300 points higher at 0.8%, notching its best day since Feb. 22. The S&P 500 added 0.56%, closing at a fresh record, while the tech-heavy Nasdaq Composite gained about 0.4%. 

BOJ pivot implications
Japan's central bank has finally abandoned its negative rates regime — the last in the world. The Bank of Japan on Tuesday hiked interest rates for the first time in 17 years. How it will impact global markets remains to be seen. Bank of America — among those who predicted the BOJ move — only expects a "limited" immediate impact globally since the rate decision was already well priced. 

Nvidia shares rise
Shares of Nvidia closed up 1% after CEO Jensen Huang said the U.S. chip giant aims to grow its share of $250 billion data center market. "What makes us unique is that we're the only chip company I believe that will create its own market," he said at an analyst meeting. His comments come a day after the company unveiled its next generation of AI chips.  

Kuwait oil CEO on energy demand
The CEO of Kuwait Petroleum Corporation said global energy demand will outstrip the rate of population growth through 2050. "That means that we're going to require more energy intensity for the population in the world," Shaikh Nawaf al-Sabah said at an energy conference, contradicting forecasts that demand will peak by 2030.

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