Early last year, concerns about the possibility of future rate increases may have contributed to a falloff in bank share prices. Since then, however, the Federal Open Market Committee has held its core rates constant, and bank share prices have accelerated again, with the NASDAQ banking index rising 49% since April.
Suggested citation: “Banking Conditions,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-01, pp. 18, 01.01.1998.