Fed Set to Cut Rates Tomorrow: 3 Bank Stocks Stand to Benefit
Key Takeaways The Fed is expected to cut rates by 25 bps, shifting toward monetary easing. MTB, OZK and TCBI can benefit from stronger NII and improved credit quality. Lower rates may fuel loan demand and greater bank profitability. The Federal Open Market Committee (FOMC) begins its two-day September meeting today amid mounting anticipation that the Federal Reserve will announce its first interest rate cut of the year as the meeting wraps up tomorrow. After keeping rates unchanged for five straight meeting ...