Federal Reserve officials in June emphasized the need to fight inflation even if it meant slowing an economy that already appears on the brink of a recession, according to meeting minutes released Wednesday.
Job openings fell in May but remained near historic high
U.S. employers advertised fewer jobs in May amid signs that the economy is slowing, though the overall demand for workers remained strong.
Oil drops 2% to 12-week low on fears of global recession
Oil prices slid about 2% to a 12-week low in volatile trade on Wednesday, extending Tuesday’s heavy losses as investors grew more worried energy demand would take a hit in a potential global recession.