Federal Reserve policymakers have stated that they expect to raise interest rates in March. Four Fed officials revealed that they felt it was time for the U.S. central bank to begin removing support from a strong economy, especially when inflation is at its highest level in four decades.
According to the rating agency Fitch Ratings, the operating environment for financial institutions is expected to improve amid a steady, albeit slow economic recovery. On top of it, the rising interest rates are also seen as a positive aspect for financial firms.
