Investing.com -- Stocks gave back some of their gains on Tuesday amid a steady stream of retail earnings as investors await Friday's speech by Federal Reserve Chairman Jerome Powell.to pause on another interest rate hike when its policymakers meet in September, there are concerns the Fed still intends on another rate increase before the end of the year.
Better-than-expected inflation numbers indicating that prices are cooling have given some the view that the end of rate hikes is now. But some Fed officials have said they still need to get inflation down to their 2% target, and that rates would have to stay higher until that is accomplished.
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