Bank shares bore the brunt of investor disappointment on Thursday, August 20, after details about the most recent Federal Reserve meeting all but ended any hope of a hike in benchmark interest rates this year. The minutes of the Fed's monetary policy meeting held in late July saw concerns expressed about the sub-par inflation rate, and there were hints that the Fed may wait longer before raising interest rates from the record low levels they have lingered around since the economic downturn of 20...
Bank shares bore the brunt of investor disappointment on Thursday, August 20, after details about the most recent Federal Reserve meeting all but ended any hope of a hike in benchmark interest rates this year. The minutes of the Fed's monetary policy meeting held in late July saw concerns expressed about the sub-par inflation rate, and there were hints that the Fed may wait longer before raising interest rates from the record low levels they have lingered around since the economic downturn of 20...
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