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US bank stocks set record amid looming rate hike

Bank stocks started the new year with their best start in more than a decade as a hawkish tone from the US Federal Reserve extended the cohort’s winning streak after the best annual performance since 2013 last year.
The KBW Bank Index, which tracks 24 of the largest US lenders, jumped more than 10 percent last week to deliver its biggest five-day gain to begin a year on record.
Investors piled into bank shares amid a surge in US bond yields as signs grow that the Fed might start to raise interest rates as soon as March.
Rising rates and an acceleration ....

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Washington 'Insiders' View on Taxes, Infrastructure, Anti-Trust, and China

In a news conference in April of 2020, Federal Reserve Chairman Jerome Powell addressed the gravity of the economic situation being created by the pandemic and urged Congress. ....

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