Efforts by the Federal Reserve to calm market fears failed to prevent stock prices from falling Wednesday.
by a quarter-point Wednesday afternoon in its ongoing fight against inflation, marking the Federal Reserve bank's 10consecutive rate hike amid concerns the persistent increases could threaten the nation's regional banks.
The move was an effort to maintain confidence in the market while still taking the steps they've deemed necessary to cool the economy and avoid a potential recession. Investors—particularly in the nation's regional banking sector—weren't buying it.
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