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Bank Stocks’ Rebound May Be the Fed’s Biggest Victim

Bank Stocks’ Rebound May Be the Fed’s Biggest Victim

Wall Street's banks may become the biggest victims of the Fed’s growing dovishness. Big bank stocks slumped the most in two months on Wednesday after Fed Chairman Jerome Powell left interest rates unchanged and signaled to keep it that way until at least the end of the year. The news comes at a time when bank stocks were making a strong rebound following last year’s miserable performance.