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In an era of higher interest rates, banks have reaped big profits due to consumers’ reluctance to move money out of low-interest checking accounts that offer convenience and ready access to money.
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The 10-year Treasury yield on Wednesday rose to around 5.1 percent, as investors grew more convinced the Fed Reserve will raise interest rates again.
The bank said quality stocks should "continue to lead given the likelihood of more Fed hikes," while value stocks have a chance to accelerate as profits grow.
A U.S. District Court ruled Tuesday (Sept. 22) that federal credit unions cannot be forced to comply with the Illinois Interchange Fee Prohibition Act (IFPA), according to a Tuesday press release…
The USD/CHF pair climbs some 0.52% on Wednesday as the uptrend resumes following a retracement after hitting a yearly high on September 16 at 0.8263, which dragged the exchange rate below 0.8200…
