Bank stocks leaped higher after the Federal Reserve's Open Market Committee lifted the federal funds and discount rates 25 basis points on Tuesday, but some observers remained skeptical that the hike would be the final one.

The Fed voted to raise the federal funds rate, the overnight loan rate between banks, to 5.25%, and the discount rate, which it charges banks for loans, to 4.75%, and said it is maintaining a neutral stance on the need for further increases.

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