Wall Street slips after Fischer's remarks

Fed Vice Chairman Stanley Fischer said the United States was heading in the direction of higher rates and that recent economic data had been impressive. While Fischer said he had made no decision on a September rate hike, he added that the Fed could not wait for the case to be overwhelming to increase rates and that the recent market volatility could settle quickly. Stocks were mixed before Fischer's comments on CNBC, with investors wary of taking big positions into the weekend after days of tum