U.S. financial markets live updates: Stocks set to open lower amid broader economic uncertainty

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U.S. stocks are set for their worst open of the post-pandemic era, adding to a recent dip that has reflected concerns about the national and global economic outlook.

Asked whether weakening in the labor market and manufacturing sector could prompt a response from the Fed, Goolsbee did not commit to a specific course of action but said it doesn’t make sense to keep a “restrictive” policy stance if the economy is weakening.

 

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