Bank ETFs Among Worst Off Following Fed’s Dovish Stance

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Financial stocks and bank sector-related exchange traded funds were among the worst off Wednesday after the Federal Reserve Chairman Jerome Powell downgraded its expectations for U.S. economic growth and indicated policy makers won’t be hiking rates any time soon. Among the worst performing non-leveraged ETFs of Wednesday, the iShares U.S. Regional Banks ETF (NYSEArca: IAT) [...]

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