⚠️BREAKING: *S&P 500 JUMPS AS BANKS REBOUND ON UBS-CREDIT SUISSE DEAL
A climb in U.S. TreasuryAt the conclusion of its two-day meeting Wednesday, the Fed is expected to hike rates by 0.25%, but much uncertainty remains about the path forward for further hikes in the wake of the turmoil in the banking sector.of traders expect a rate hike, but Goldman Sachs said it expected a pause at the March meeting this week “because of stress in the banking system.”
Energy stocks were also in the ascendency shrugging off a wobble in energy prices amid ongoing jitters that the banking crisis could hurt global growth and energy demand.
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