News Snapshot:
My top 10 things to watch Thursday, May 4 1. In a widely expected move, the Federal Reserve on Wednesday raised interest rates by 25 basis points — the 10th rate increase in just over a year. Fed Chair Jerome Powell indicated the central bank may pause rate hikes going forward, but did not suggest it would begin cutting anytime soon. The Fed must see weakness in wages to consider pulling back. 2. Regional bank stocks are under pressure, with PacWest Bancorp (PACWP) in focus. Shares of the California lender are down 39% in premarket trading, at just under $4...
