REUTERS/Brendan McDermid
- US stocks traded mixed on Tuesday as investors worried about a longer inflation fight from the Fed.
- The Minneapolis Fed president warned the US has more work to do to lower high prices.
- Investors are expecting rates to remain elevated for most of 2024, which could weigh on stocks.
US stocks traded mixed on Tuesday as traders adjusted expectations for rate cuts and priced in a longer inflation fight from the Fed.
The S&P 500 and Dow Jones Industrial Average ticked lower in early morning trading, though the Nasdaq Composite edged higher, after having notched its seventh-straight winning session on Monday.