Economists were predicting a slight uptick for the sector
Oil prices, a lack of foreign investment and trade woes have contributed to declines
Further rate hikes from the Fed may not be necessary.
The unemployment rate fell to 3.6% from 3.8%
The central bank held its benchmark rate Wednesday
Fees fell by 6% from 2017 to 2018
Jump suggests economy had solid momentum going into the April-June quarter
The gain reflected a big jump stockpiling by businesses and a sharp contraction in the trade deficit
Herman Cain’s nomination had raised concerns about the Fed's ability to remain politically independent
The drop followed an 11.2% gain the previous month