TL;DR CNBC

One of the best ways to figure out what the Fed will do next is to look at regional bank stocks

Publishing timestamp: 2023-03-15 14:48:13

Summary

The probability of the Federal Reserve raising interest rates next week has decreased to 65%, according to CME Group data. The Fed will be monitoring macroeconomic reports and data from regional banks to determine the health of the financial sector. The recent closure of Silicon Valley Bank and Signature Bank has put smaller banks under pressure. The Fed launched the Bank Term Funding Program to provide a facility for banks to exchange high-quality collateral for loans to ensure operations. The initiative's success will be reflected in the share prices of impacted banks. The producer price index unexpectedly dropped 0.1% in February, which is a leading indicator on inflation pressures. The markets were previously pricing in a potential half-point rate hike this month, but have since pulled back.

Sentiment: MIXED

Tickers: SBNY,  KRE,  .DJI, 

Keywords: central banking,  federal reserve bank,  jerome powell,  business news,  dow jones industrial average,  signature bank,  breaking news,  spdr s&p regional banking etf,  economy,  markets,  breaking news: economy,  interest rates, 

Source: https://www.cnbc.com/2023/03/15/one-of-the-best-ways-to-figure-out-what-the-fed-will-do-next-is-to-look-at-reginal-bank-stocks.html