Stock trader Peter Tuchman works on the floor of the New York Stock Exchange (NYSE) on October 04, 2021 in New York City.
  • US stocks were mixed on Tuesday as investors look to comments from Fed officials for clues on interest rates.
  • Fed Governor Chris Waller said that recent economic data suggests the Fed can "proceed carefully" with further rate hikes.
  • Any further increases would be a surprise to investors, based on the CME FedWatch Tool.

US stocks were mixed on Tuesday as investors digested comments from Federal Reserve Governor Christopher Waller, who told CNBC that the Fed can "proceed carefully" with further interest rate hikes.

"There is nothing saying we need to do anything imminent," he said of additional increases, basing his view on recent economic data.