US stocks fall as Fed official says more rate hikes could still be on the table

• US stocks moved lower Wednesday as a Federal Reserve official said more rate hikes are possible
• "Further tightening could be warranted," said Boston Fed President Susan Collins.
• The Fed will release is beige book survey of business and economic conditions this afternoon.

US stocks declined Wednesday as Boston Federal Reserve President Susan Collins cautioned that more rate hikes could still be on the table.

The central bank requires more evidence that the war on inflation has indeed been won, though interest rates could be "near or even at the peak," she said.