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Market Volatility Increases As Investors Await Fed’s Rate Decision

U.S. stocks closed lower on Tuesday, recording losses for the second straight session. A survey showed US job openings surprisingly increased in September, signalling strong demand for labor even as the Federal Reserve continued to aggressively increase interest rates in a bid to control surging inflation level.

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Larry Summers Says US Facing Complex Challenges: ‘Curbing Inflation Comes First, But We Can’t Stop There’

Former Treasury Secretary Lawrence H. Summers believes the United States is facing a very complex set of macroeconomic challenges but said the current situation does not include low unemployment and is not as grave as the 2009 financial crisis or inflation during the 1970s.

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