The S&P 500 will finish this year above the 5,000 mark, but up just a little more than 2% from its current level, as it remains unclear when the Federal Reserve will begin cutting interest rates,.
World stock market indexes
fell while the U.S. dollar hit three-month peaks and Treasury
yields climbed on Tuesday after data showed U.S. inflation
slowed less than expected in January. . -February 13, 2024 at 03:17 pm EST
- MarketScreener
Investors lulled
into thinking U.S. regional banks were out of the woods after
ruptures last year have been given a jolt by New York Community
Bank. The under-the-radar lender s earnings.
Investors lulled into thinking U.S. regional banks were out of the woods after ruptures last year have been given a jolt by New York Community Bank. The under-the-radar lender's earnings report sparked a sell-off in regional bank shares in a warning for investors that had grown inured to the sector's sensitivity to high Federal Reserve interest rates nearly a year after two banks failed. While NYCB's confluence of problems are unique to its balance sheet, elements of its earnings underscored regional lenders' ongoing sensitivity to high Fed rates which continue to squeeze commercial real estate (CRE) portfolios and lending margins, investors said.
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