This world is one in which central bankers are "all in," said Katie Nixon, CIO of Northern Trust Wealth Management, on Friday.
Earlier on Friday, China's central bank
"Things aren't so good in China, which is why they [central bankers] are being very proactive and very aggressive with a sixth rate cut in a matter of 12 months," Nixon told CNBC's "Power Lunch." "So I think it sends a message to investors that central bankers will do what it takes to stabilize economic growth and to try to inflate economies."
The People's Bank of China (PBOC) said on its website that it was lowering the one-year benchmark bank lending rate by 25 basis points to 4.35 percent, effective from Oct. 24.