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Fed to Hike Rates as US Bank Turmoil Persists
Banking relief after JP Morgan swallowed the First Republic Bank on Monday remained short-lived, as some regional bank stocks, like Valley National Bankcorp lost another 3%, Western Alliance Corporation another 15%, and PacWest Bancorp another 28%, even though it had said last week that the deposit outflows had slowed in March. As such, SPDR’s US […] The post Fed to Hike Rates as US Bank Turmoil Persists appeared first on Action Forex...
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Posted: May 3 2023, 07:42
Author Name: actionforex
Views: 112243