U.S. banks in free fall as Fed tamps down rate-cut hopes

U.S. bank stocks are experiencing a rollercoaster ride, reacting sharply to the Federal Reserve’s signals on interest rates. The banking sector, which had just started regaining its footing since the crisis in March, took a hit following comments from a Federal Reserve policymaker, dampening the previously high market expectations for rate cuts in early 2024. […] source: https://www.cryptopolitan.com/us-banks-free-fall-fed-tamps-down-rate-cut/