The banking crisis has also fueled uncertainty about whether the Fed will keep raising rates, refrain from further hikes, or even cut them as it weighs the threat of inflation against the risk of ramping up pressure on lenders.
The central bank pressed ahead with its war on inflation Wednesday. However, traders are now 50-50 on whether it will approve another rate hike at its next meeting in May, according toThe Fed shying away from hikes could also weigh on the dollar. When rates stop rising, foreign investors seeking higher yields look for other places to invest.
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Bank Stocks Slump Ahead of Fed Rate DecisionFinancial stocks were mostly lower Wednesday ahead of a Federal Reserve decision expected to signal whether the central bank is concerned that bank collapses could spell trouble for the economy. 'Shake Your Moneymaker' or 'Shake Your Money Maker' is a song recorded by Elmore James in 1961 that has become one of his best-known pieces. Inspired by earlier songs, it has been interpreted and recorded by several blues and other artists.
Source: WSJ - 🏆 98. / 63 Read more »
US stocks slump on Fed's rate hike amid banking crisisFederal Reserve extends its year-long fight against high inflation by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen turmoil that has gripped America's banking system. What did they really thing was going to happen. I think it was signaled that rate hike was on way. Maybe their excuse to cut and run from some stocks. Banking issues still exist and sector is heading for some deep down side in short term. What did they really thing was going to happen. I think it was signaled that rate hike was on way. Maybe their excuse to cut and run from some stocks. Banking issues still exist and sector is heading for some deep down side in short term.
Source: trtworld - 🏆 101. / 63 Read more »