Stocks fell for the week as weak employment data and higher tariffs on U.S. trading partners, including Canada, raised concerns of an economic slowdown. The Bureau of Labor Statistics reported hiring in June was well below estimates, with significant revisions to prior months. The impact of tariffs on hard economic data is becoming evident, leading investors to reconsider their views. Uncertainty remains high, with the Fed closely monitoring data before deciding on rate adjustments. Job cuts surged in July, and inflation rose, while GDP rebounded and manufacturing shrank. Consumer confidence improved slightly, and upcoming data will provide further insights into the economy.

Read more at Investing.com: Fed Rate Cuts Now Likely as Soft Data Erodes Confidence in Economic Resilience