Equities mostly rose Wednesday on building optimism that the Federal Reserve will cut interest rates before the end of the year after the latest batch of data indicated the long-resilient US jobs market was showing signs of easing.
However, after a big downside miss on factory activity the day before — and a second straight contraction — worries were emerging about the state of the world’s number one economy as consumers deal with high inflation and borrowing costs.
On Tuesday, the figures showed job vacancies fell far more than expected to below 8.1 million, which Briefing.com said was the lowest level since 2021.
The figures come ahead of closely watched non-farm payrolls figures due Friday, which will provide a much clearer snapshot for the US…
