Market check: Stocks move higher, Tesla stock surges, Nvidia shares fall

Yahoo Finance's Jared Blikre looks at the market action heading into the day's final trading hour, in addition to checking out volatility levels, yield curves, and Nasdaq leaders Tesla and Nvidia. Read More...

Reuters

Fed’s Daly: rates need to rise to tamp down too-high inflation

San Francisco Federal Reserve Bank President Mary Daly said Tuesday she believes the “main risk” to the U.S. economy is from too-high inflation that could get worse as Russia’s invasion of Ukraine boosts oil prices and China’s crackdown on COVID-19 further disrupts supply chains. “Even though we have these uncertainties around Ukraine, and we have the uncertainties around the pandemic, it’s still time to tighten policy in the United States,” Daly said at a virtual Brookings Institution event, “marching” rates up to the neutral level and perhaps even higher to a level that would restrict the economy to ensure inflation comes back down. “I’m already focused on let’s make sure this doesn’t get embedded and we see those longer-term inflation expectations drift up.”