The regional bank sector pared gains in afternoon trading Wednesday, after the Federal Reserved raised its target range for overnight rates by 0.25 percentage points, as expected. The SPDR S&P Regional Banking exchange-traded fund KRE was up 1.7%, but had been up 2.7% just before the Fed’s rate move. On Tuesday, the ETF had tumbled 6.3% to a 2 1/2-year closing low. Among the ETF’s more-active components, shares of PacWest Bancorp PACW rose 3.9%, but was up 6.1% before the rate hike; of Truist Financial Corp. TFC moved from a gain of 1.9% to a gain of 1.6% after the rate move; of New York Community Bancorp Inc. NYCB edged…
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