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Another Fed Rate Hike Is Coming: 3 Bank Stocks That Will Benefit From Rising Interest Rates

Another Fed Rate Hike Is Coming: 3 Bank Stocks That Will Benefit From Rising Interest Rates

Now investors look to the Federal Reserve, which has been aggressively fighting inflation with its primary tool: interest rate increases. When the Fed raised rates by 75 basis points in June, it was its largest rate hike in 28 years. The Fed raised rates another 75 basis points in July, and investors expect a similar increase during its meeting next week.