Fed's first rate cut in four years, bank stocks are pumping in response

Gate.io September 19th News, after the Federal Reserve’s first rate cut in four years, the stock prices of regional lending institutions in the United States pumped. The KBW Bank Index pumped 0.2%. The market expects the rate cut to reignite loan demand and trading activity, which will alleviate the pressure on the rising cost of deposits for these banks. Previously, the rising cost of deposits even led to several bank runs.