 We've seen hiring cooling. We've seen unemployment rising. Layoffs have basically been flat of late. But the Federal Reserve does not want to keep interest rates at such a high level where it could do real damage to the job market and the broader economy. And that's why it's expected that the Fed will begin to cut rates in September. On Wall Street, a slump for big tech stocks dragged the main indexes lower. The S&P dropped nine-tenths of a percent, while the Nasdaq lost a full two percent. But the Dow rose slightly, up 32 points, or 0.1 percent. I'm Ben Thomas.