Wall Street Cautious Ahead of Jobs Data That Could Shape Fed Policy
• Wall Street slips as investors await jobs data and other economic indicators to gauge Fed policy • Majority believe Fed is done with rate hikes for now, but seek fresh data for further policy cues • Traders betting on rate cut in early 2019, but may have priced it in too soon • Labor Department job openings data due today expected to show slowing labor demand • CVS shares up on 2024 revenue forecast above estimates, expects to benefit from health services expansion