Wall St slips as hawkish rate view, labor data fuel worries

Wall Street slipped on Thursday as hawkish views from a top Federal Reserve official and data indicating a tight labor market dampened hopes of a less aggressive monetary policy approach from the central bank. St. Louis Federal Reserve President James Bullard said rate increases “have had only limited effects on observed inflation,” and the Fed needs to continue raising it by at least another full percentage point. Read More

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