While you were sleeping: Clouds roll in on Fed

Tue, 06 Sep 2016

By Margreet Dietz Sept. 7 (BusinessDesk) - Wall Street opened higher, then fell, before recovering as energy stocks caught up to Monday’s gain in oil, while a report showing US services industries grew at the weakest pace six years added to concern about the US economy. A report by the Institute for Supply Management showed its non-manufacturing index fell to 51.4 in August, from 55.5 in July. This came on top of other recent reports—including Friday’s weaker-than-expected nonfarm payrolls data—that fuelled doubts the Federal Reserve wil...

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