U.S. stocks are falling on higher oil prices and inflation worries
saying on Tuesday the latest round of economic data was giving the U.S. central bank space to see if it needs to raise interest rates again.There is more data due Wednesday, including the Fed's
survey of its 12 district banks which will provide investors with an on-the-ground glimpse at economic conditions around the country.is projected to come in at 52.5 in August, down from 52.7 in the prior month. This figure serves as a gauge of activity in the services industry, a crucial sector that accounts for over two-thirds of the U.S. economy.
Investors will also get the chance to hear from several Fed speakers during the coming week, with Dallas Fed PresidentEconomic news from Europe and China has been disappointing this week, and that tone continued Wednesday with retail sales in the eurozone falling and German factory orders slumping in July.
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