16-08-2016 21:32 via news.yahoo.com

Wall Street slips from highs after NY Fed chief's rate comments

By Caroline Valetkevitch (Reuters) - U.S. stocks eased from record highs on Tuesday after New York Federal Reserve Bank President William Dudley said an interest rate hike in September was possible. Dudley cited recent labour market gains in his comments, which came ahead of an annual meeting of central bankers from around the world in Jackson Hole, Wyoming, next week. The comments raised traders' expectations of a U.S. rate hike this year, according to the CME Group's FedWatch tool. ...
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