Stock Market Today: Stocks Extend Losing Streak as Fed Fears Persist

Lingering concerns over the Fed's rate-hike timeline dragged the major indexes lower for a fourth straight day.

blue stock chart with red and green bars and moving averages heading lower
(Image credit: Getty Images)

Stocks once again erased early gains to end lower for a fourth straight session as investors continued to fret about an extended rate-hike campaign from the Federal Reserve.

Wednesday's decline came after Cleveland Fed President Loretta Mester said during this morning's speech in Dayton, Ohio, that "it is far too soon to say that inflation has peaked." Mester, a voting member of the Federal Open Market Committee (FOMC), added that she does not anticipate any rate cuts this year or next.

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Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.