prospective Fed rate increase

Will Bank Stocks Keep Sliding Despite Higher Interest Rates?

Banks stocks have taken a hit due to low lending rates. So, one might think that the prospect of the Fed raising rates several times this year would be a promising sign for the financial sector. But, CNBC reports that the Fed may not be able to save financial stocks with rate increases.
As banks have struggled to cut costs and add new sources of income to combat lower rates on lending, investors have kept close watch on the Fed for clues to when officials will raise rates. But even with one rate hike in December and the prospect of more […]

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