June 6 (Reuters) - Wall Street's main indexes slipped on Tuesday as investors assessed odds of an interest rate pause by the Federal Reserve at its policy meeting next week, with mixed economic data adding to uncertainty around the rate path.
While that signaled the Fed's monetary tightening was cooling the world's largest economy, it followed strong monthly jobs data last week, clouding the outlook for the Fed's policy.
"The market is on pause now until we get to the Fed meeting and the inflation data."
Advancing issues outnumbered decliners by a 1.50-to-1 ratio on the NYSE and by a 1.24-to-1 ratio on the Nasdaq.
Reporting by Sruthi Shankar and Shristi Achar A in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.
Persons:
Paul Nolte, Piper Sandler, Sruthi Shankar, Shristi, Vinay Dwivedi
Organizations:
Devices, Piper, Dow, Nasdaq, Federal Reserve, Murphy, Fed, Dow Jones, U.S . Securities, Exchange Commission, Apple Inc, Meta, Exxon Mobil, Chevron, NYSE, Thomson
Locations:
U.S, megacap, Bengaluru