Stock Market Today: Stocks Struggle for Direction After Mixed Fed Messages

E-commerce platform PDD Holdings jumped after earnings, while rival Shein reportedly filed confidential IPO paperwork.

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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."

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at 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.