Weak Data Reignites Rate Cut Talk, Pressuring This Bank ETF
October 07, 2019 at 11:04 AM EDT
A recent spate of slack economic data has plenty of market observers speculating that the Federal Reserve could again lower interest rates, perhaps as soon as this month, and that chatter is pressuring bank ETFs, including the SPDR S&P Bank ETF (NYSEArca: KBE). Banks typically make their money...