Wall Street set to open lower after jobs data

Wall Street was set to open slightly lower on Thursday as strong economic data increased the likelihood that the Federal Reserve would raise interest rates in September, rather than later in the year. While inflation remains below what the Fed would like to see, the labor markets have continued to strengthen – a key factor in the central bank's timing of a rate hike. The Fed will probably raise rates twice this year, with the first increase coming as early as next month, according to a Re