Here are the most important news items that investors need to start their trading day:
1. Managing expectations
The three major U.S. stock indices closed lower Wednesday, snapping a three-day winning streak, as investors chewed over the minutes from last month’s Federal Reserve meeting. As expected, the Fed minutes reflected policy makers’ desire to resume hiking rates after June’s pause as Chairman Jerome Powell aims to get the annual inflation rate down to the central bank’s target of 2%. Thursday’s data slate includes ADP private payrolls for June and weekly jobless claims, a warmup for Friday’s monthly jobs report. Follow live market updates.
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