Stocks Drop as Fed Official Signals More Rate Hikes May Be Needed to Fight Inflation
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Technology stocks like Uber, Datadog, Alteryx, Tripadvisor, Vertex, and RingCentral saw notable moves in the stock market today.
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Stock futures fell on Tuesday after a Fed president said more rate hikes may be needed to curb inflation.
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Neel Kashkari told the Wall Street Journal the Fed still has work to do to get inflation down to 2%.
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Kashkari's comments dampened hopes the Fed was done with interest rate hikes.
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The article discusses market movers and the Fed's inflation fight, citing stocks like UBS as well.