Economy
Wall Street sees growing chance of another rate hike, Dow Jones closes lower for third consecutive day
Rumors regarding a new attempt to resolve the conflict between the US and Iran were met with moderate enthusiasm on Wall Street, partially offsetting losses but leaving the Dow Jones closed in the red for a third straight day. Brent oil prices remained largely unaffected as rising yields on US Treasury bonds continued to weigh heavily on investor sentiment. Market traders increasingly anticipate that the Federal Reserve will opt for another interest rate increase in October.
Ozetta summarises; the reporting is the newsroom's