The Fed officially commenced a new tightening cycle last week by raising the Fed funds target range 25 basis points to 0.25% - 0.5%. Banks have underperformed despite rising interest rates, creating a rare divergence.
Read our sample report Rates Rise. Will Financials Follow?by Rob Anderson, CFA U.S. Sector Strategist, and Thanh Nguyen, CFA Senior Quantitative Analyst to learn more.
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