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Wall Street ends mixed as inflation data supports rate worries

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Wall Street stocks ended mixed on Tuesday after U.S. consumer price data for January offered little to change expectations about the Federal Reserve's path forward on interest rate hikes.

as Americans continued to be burdened by higher rental housing costs, suggesting that the Fed will maintain its fight against inflation.

"Inflation remains elevated, albeit it appears to be slowing," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis. "Looking at today's price action, I think it might be a little bit of profit-taking on the heels of strong year-to-date performance."

 

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