- US stocks fell for the third day in a row as new data showed resilience in household and labour demand, reinforcing the Federal Reserve's resolve to remain aggressive in its fight against inflation. Commodities ranging from oil to copper fell as the dollar rose.
- The S&P 500 and the tech-heavy Nasdaq 100 both ended the month at their lowest levels in a month. Treasuries ended the day mixed after an unexpected increase in consumer confidence in August pushed swap rates toward pricing in another three-quarter percentage point hike for the Fed's September meeting.
- Three regional Fed presidents reiterated chair Jerome Powell's intention to reduce inflation in separate remarks on Tuesday. A reading on job openings on Tuesday added to evidence that the labour market is still tight and wage pressures are still present. Thursday's jobless claims report will be aired prior to Friday's August payrolls report.
