Market backs off on hopes for interest rate cuts following strong jobs report

Traders work on the floor of the New York Stock Exchange during afternoon trading on June…

The Fed probably won’t be delivering any interest rate cuts this summer

Traders work on the floor of the New York Stock Exchange during morning trading on May…

Worker pay rose more than expected in Q1 in another sign of persistent inflation

Grace Cary | Moment | Getty Images Employee compensation costs jumped more than expected to start…

Wholesale prices rose 0.3% in July, higher than expected

A measure of wholesale prices rose more than expected in July, countering recent trends showing that…

Biden’s Federal Reserve Board nominees clear key Senate committee

Fed Governor Philip Jefferson testifies before a Senate Banking Committee hearing on his nomination to be…

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