The U.S. banks got a reprieve following the latest signals from the Federal Reserve of a rate cut. The Fed’s Chairman Jerome Powell said the central bank is ready to cut interest rates next month.The development led the U.S. stock markets to rally with the S&P 500 rising over 0.2% and the tech-heavy Nasdaq Composite nearly 1.5%. The Dow Jones Industrial Average rose about 1.1%, and the interest rate-sensitive Russell 2000 small-cap index soared, rising almost 1%.KBW Nasdaq Bank Index increased 2.6% on Frida ...