Banks’ Last Hurrah From Fed Likely Means 2019 Has Already Peaked
- Net interest income may have peaked with Fed taking a break
- Trading declines also predicted as first-quarter reports begin
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The first quarter may be as good as it gets for banks in 2019, almost four years and nine rate hikes into the Federal Reserve’s tightening cycle.
Results for the period are probably the last for now to get a boost from monetary policy, after Fed Chairman Jerome Powell said benign inflation data mean interest rates could be on hold for “some time.”