When the US Federal Open Market Committee (FOMC) met in December, the guidance given to the market was that the US Federal Reserve (Fed) had revised its guidance with a 75-basis-point (bps) cut in the Fed Fund Rate (FFR) this year from the current rate of 5.25%-5.50% range, based on its latest dot plot.
Shares of regional banks are hit hard on Tuesday after an inflation reading came in surprisingly strong, raising more concerns about potential fallout to.