Stock Market Today: Stocks Fall After Fed Official Says There’s No Need to Rush Rate Cuts

The three major indexes spent most or all of Tuesday in the red following some mixed corporate earnings reports and hawkish comments on the need for speedy interest rate cuts from a Fed governor. 

Despite fourth-quarter earnings season kicking into gear – and a docket full of economic reports this week – the market can’t help but work itself up over every utterance by a central banker, notes Deutsche Bank senior U.S. economist Brett Ryan.

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