Stocks dip, dollar falls as Fed decision looms

Published by

By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks dipped on Wednesday while the U.S. dollar and Treasury yields fell after economic data showed signs of a softening labor market and boosted hopes a pause to the Federal Reserve’s interest rate-hiking cycle could be on the horizon. U.S. private employment increased by 106,000 jobs last month, the ADP National Employment report showed on Wednesday, short of the 178,000 estimate of economists polled by Reuters, although the drop was attributed to bad weather in some parts of the country. Other data showed that job openings rose to…

Read More