Wall St. set to open lower as investors assess data

Wall St. set to open lower as investors assess data
 

Wall Street was set to open slightly lower on Thursday as strong economic data and comments from Federal Reserve officials suggested monetary policy could be tightened by the end of the year.
A report showed the number of Americans filing for unemployment benefits unexpectedly fell last week to a near 43-year low, indicating firmness in the labor market.
The data comes ahead of a crucial monthly jobs report that will help determine the path of interest rates.
A growing number of Fed officials have argued for higher rates as the labor market remains robust and inflation inches towards the... read more

 
6 October 2016 in World News, Views: 30
Source: Reuters
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