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The U.S. economy added 678,000 jobs in February and unemployment fell to 3.8 percent, the lowest level since the pandemic took hold.

A growing number of Fed officials and Wall Street economists are opening the door to three more rate hikes this year than expected as the central bank

Fed officials and economists predict central bank will go beyond its baseline forecast for increases if inflation persists

U.S. inflation accelerated last month and remained at its highest rate in over a decade, with price increases from pandemic-related labor and materials shortages rippling through the economy.

Lower-Wage Workers See Gains From Easing of Pandemic A fading pandemic and heating U.S. economy appear to be paying off for lower-wage workers. New jobs at restaurants, hotels, stores, salons and similar in-person roles accounted for about half of all payroll gains in June, according to the Labor Department. And workers in those industries are seeing larger raises than other employees. “Americans are becoming more mobile and dining out more,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors. “Retailers and restaurants are having to pay more to hire workers to ...