Stocks Pared Some of Their Gains after the Fed Said it Would Hike Rates Another Six Times This Year

Tiger Newspress2022-03-17

Stocks pared some of their gains after the Fed said it would hike rates another six times this year, more aggressively than many traders had expected.

Most Treasury yields extend their climb after Fed delivers first rate hike since 2018; 2-year rate rise above 1.9%.

The 10-year Treasury yield jumped 7 bps to 2.22%.

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Comments

  • PearlynCSY
    2022-03-17
    PearlynCSY
    Big Banks Emerge as Winners as Fed Starts Rate Hike Cycle. Big lenders are poised to benefit from higher borrowing costs. America’s biggest lenders, including JPMorgan Chase & Co., Bank of America Corp. and Citigroup, are emerging as major winners from the Federal Reserve’s most aggressive campaign to increase borrowing costs in years. Banks were among the best performing groups in the S&P 500 Index Wednesday, as the sector rose 3.7% to the highest in two weeks. Financials are one of the most attractive sectors in the market right now.
  • themonkey
    2022-03-17
    themonkey
    Ok
  • Sunshine_2
    2022-03-17
    Sunshine_2
    OK
  • HTChin
    2022-03-17
    HTChin
    BUY - Singapore bank stock DBS & UOB, USA bank stock WELL FARGO. 
  • ASMH
    2022-03-17
    ASMH
    Like 
  • Sysy
    2022-03-17
    Sysy
    Ko
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