Wall Street’s main indexes were flat as investors stepped onto the sidelines ahead of the Federal Reserve’s highly anticipated first interest rate cut in more than four years.
Read More Wall St subdued as investors await Fed decision with bated breath
Import prices dropped by the most in eight months in August, suggesting that domestic inflation will continue to subside in the months ahead.
Read More US import prices post largest drop in eight months
U.S. central bankers will likely start long-awaited interest rate cuts next week with a quarter-of-a-percentage-point reduction.
Read More Fed expected to deliver quarter-percentage-point rate cut next week
Job openings across America spiraled down to their lowest level since the beginning of 2021, a very concerning notion that the labor market is cooling.
Read More Report: Job Openings Fall To Lowest Level Since Biden Took Presidency
Wall Street’s main indexes fell over 1% as investors assessed latest factory activity data.
Read More Wall St kicks off September on downbeat note at start of data-packed week
Consumer spending increased solidly in July, arguing against a half-percentage-point interest rate cut from the Federal Reserve next month.
Read More US consumer spending solid in July; inflation rises moderately