Stocks were choppy Tuesday as investors took in mixed messages from several Federal Reserve officials and an encouraging reading on consumer sentiment.
One of the more hawkish central bankers to speak Tuesday was Federal Reserve Governor Michelle Bowman. In prepared remarks for a speech at a Utah bankers gathering, Bowman said she thinks the Fed "will need to increase the federal funds rate further to keep policy sufficiently restrictive to bring inflation down to our 2% target in a timely way."
