Wall Street kicked off the month of September with a bust, after a disappointing economic report dragged down the Dow by 626 points, or 1.5%, Tuesday afternoon.

The U.S. economy added 818,000 fewer jobs from April 2023 through March this year than were originally reported, the government said Wednesday. The revised total adds to evidence that the job market has been steadily slowing and likely reinforces the Federal Reserve’s plan to start cutting interest rates soon.

The proposals range from cutting taxes, boosting housing construction and a federal ban on grocery price gouging. Harris’s campaign says the proposals mark just one part of her economic plan and will be a priority for her first 100 days in office, if elected.

The rate of inflation is rising again in a blow to hopes that more interest rate cuts are just around the corner, new figures are expected to show.

The U.S. Bureau of Labor Statistics reported that the nation’s unemployment rate rose to 4.3% after only 114,000 jobs create far below what was expected.

US consumers are showing signs of flagging after helping to prop up the world’s largest economy since the pandemic, according to a growing number of companies, economists and investors.