Latest Rate Hike Benefits Bears in Leveraged Regional Bank ETF
This article was originally published on ETFTrends.com.
Yesterday, the Federal Reserve confirmed the general consensus by the capital markets that interest rates were likely to rise as Fed Chairman Jerome Powell capped off a two-day monetary policy meeting with the announcement that the federal funds rate would increase by 25 basis points to 2.25. This didn’t sit well for banks worried that [...]