US stocks climbed on Tuesday as traders weighed comments from Federal Reserve officials a day earlier and braced for an important inflation reading to drop on Wednesday.
The Fed’s Mary Daly and Loretta Mester both indicated on Monday that they see rates having to move higher in order to get inflation under control. The Fed paused rate hikes at its June meeting, though Mester said that if it were just up to her, she would have raised again.
