Fed Keeps Rates Steady, Ups Inflation Target: How are Banks Affected? [Yahoo! Finance]

Bank of America Corporation (BAC)
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Source: Yahoo! Finance
Meanwhile, the central bank affirmed two rate cuts this year. The “dot plot,” which maps out policymakers' expectations for where interest rates could be headed in the future, indicated two interest rate cuts for 2025. Fed's Dot Plot Image Source: The Federal Reserve Conversely, the Fed did make changes to its inflation and growth projection targets, which are likely to be impacted by Trump's tariff plans. Despite this, the markets reacted positively to the central bank's announcements and all three major indices ended the day in green. The rate-sensitive sectors, including Financial Services, were among the top performers in the S&P 500 Index. Banks — the major constituents of the Financial Services sector — witnessed a notable rise yesterday. T
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