Rising bets of additional rate hikes by the Federal Reserve along with hawkish remarks by major central bankers kept investors prudent in the past fortnight, which also marks the conclusion of the second quarter and the first half of 2023.
The markets breathed a collective sigh of relief as US bank stocks traded higher following the successful completion of the Federal Reserve's Stress Test. All 23 US banks that underwent the annual stress test were able to uphold the required minimum capital levels, even in the face of projected losses totalling USD 541 billion for the group. Moreover, these banks demonstrated their ability to continue offering credit to the economy in a hypothetical recession, as confirmed by the Federal Reserve Board.
Esta historia es de la edición July 17, 2023 de Dalal Street Investment Journal.
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Esta historia es de la edición July 17, 2023 de Dalal Street Investment Journal.
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Mutual funds can be the cornerstone of your financial success. By understanding their benefits, aligning them with your goals and investing consistently, you will be well on your way to achieving your financial dreams. The article highlights how you can use mutual funds to make your dreams come true
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