US STOCKS-Wall St slips as investors fret about global economy
* Jobless claims down more than expected last week
* Valeant up after securing waivers to credit facility
* Indexes down: Dow 0.64 pct, S&P 0.52 pct, Nasdaq 0.48 pct (Updates to open)
By Abhiram Nandakumar
April 7 (Reuters) - Wall Street was lower on Thursday, led by a fall in the telecom sector, as investors worried about the uncertainty surrounding the Federal Reserve's plans to hike interest rates, amid fears of weak global growth.
Minutes from the Fed's March meeting released on Wednesday pointed to concerns about the central bank's limited ability to tackle a global economic slowdown, reducing the odds of a rate increase before June.
While the Fed has projected two rate increases this year, the market is pricing in a near 60-percent chance of a hike in December, according to CME Group's FedWatch Program.
The central bank's caution put pressure on the dollar as investors sought safety in the yen.
"I suspect that what we're seeing here is a little market jitters due to the fact that the dollar continues to weaken," said Peter Cardillo, chief market economist at First Standard Financial in New York. Continuación...