Earlier on Friday, thethat its temporary pandemic-era rule that relaxed bank capital requirements will not be extended after March 31. That offset the positive effect of stabilizing bond yields, which then spiked on the news.
Bond yields have risen as investors grow concerned that the $1.9 trillion fiscal stimulus will cause a rise in inflation, leading the Federal Reserve to change policy and raise rates sooner than expected., pushing tech stocks higher and helping the S&P 500 finish the year at 4,400, a 12% gain from current levels.
QUESTION: what besides incorporating built in processing delays & rate changes will the banking industry do to bring a more sustainable change; asked because the volatility of the job market & spending habits although a factor is not the main driver.
Is this a band aid or a long term solution?
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