Key inventory indices were down modestly Soon following marketplaces opened as investors priced in An additional fee hike this thirty day period but then recovered because they digested the optimistic more time-phrase implications of a cooling labor marketplace for Fed rate moves.
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"It truly is not likely to prevent the Fed from mountaineering prices yet again later on this thirty day period, especially when the downward development click in wage advancement seems to get stalling," claims economist Andrew Hunter of Cash Economics.