Bank Stocks Hold Gains. Fed Sees Improved Growth, but More Rate Cuts.

Bank stocks are moving higher in the wake of the Federal Reserve rate decision, which included forecasts for firmer growth with largely steady inflation. Goldman Sachs, the top-performing Dow stock of the year, was 0.8% higher at $790.44. Fed officials lifted their 2025 GDP forecast to 1.6% from 1.4%, and nudged their 2026 estimate to 1.8% from 1.6%.

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