On Wednesday, U.S. stocks ended slightly lower amid volatile trading after labor market data and remarks from a Federal Reserve official supported the possibility of an interest rate cut.
Data from the Labor Department revealed that U.S. job openings dropped to a 3.5-year low in July, suggesting a continued easing in labor market tightness. This could give the Federal Reserve more justification to start reducing rates at its upcoming meeting later this month.
Comments
Post a Comment