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The week started out with all-time closing highs for the S&P 500 and Dow, and continued on that way until Thursday. Investors were pricing in rate cuts, but aside from the sudden onset of C...

The banking industry is one of the sectors most directly affected by interest rate changes. Continuous rate hikes had triggered a regional banking crisis in early 2023, while Wednesday's rate cut may reverse many of these unfavorable factors. The impacts are multifaceted, including:
1. (Cons) Interest income may be affected, with a slight decrease in net interest margin.
Although rate cuts can reduce commercial banks' depos...

The Federal Reserve cut its benchmark interest rate by half a percentage point to a range of 4.75% to 5%, signaling the start of an easing cycle aimed at pre-empting economic and labor market weakening. This is the first rate cut in over four years and the first significant reduction since the pandemic. Fed Chair Jay Powell emphasized the move aims to maintain economic strength and manage inflation. The decision saw immediate mar...