šØš¢NEWSā Fed Signals End of Rate Hikes: šUS Stocks Rise, Oil Falls and Banks Struggle
- Graziano Stefanelli
- Mar 24, 2023
- 1 min read
š US stock markets had a positive performance on Thursday, after a day of choppy trading marked by high volatility.
š¦ Bank stocks fell, and this contributed to the pressure on the markets.
š¢ļø Crude oil prices were under pressure and fell to their lowest levels since November 2021.
š° The 10-year Treasury yield fell further, continuing its decline following the Federal Reserve's announcement that its rate hike campaign may be nearing an end.
š¦ The Fed's updated economic projections suggest only one more rate hike is likely to happen this year.
