Inflation Cools, Banks Surge: Market Reacts

Wall Street Cheers as Inflation Cools! Stocks surge, hitting record highs, fueled by hopes of Federal Reserve rate cuts. Regional banks lead the rally, with Customers Bancorp soaring almost 7%, signaling renewed confidence in the sector's stability after a volatile year. Is this the turning point for regional banks, or just a temporary reprieve?The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.