By Lucia Mutikani
WASHINGTON, July 8 (Reuters) - U.S. employers hired far more workers than expected in June and continued to raise wages at a steady clip, signs of persistent labor market strength that give the Federal Reserve ammunition to deliver another 75-basis-point interest rate hike this month.
The Labor Department's closely watched employment report…
WASHINGTON, June 10 (Reuters) - U.S. consumer prices accelerated in May as gasoline prices hit a record high and the cost of services rose further, suggesting that the Federal Reserve could continue with its 50 basis points interest rate hikes through September to combat inflation.
The consumer price index increased 1.0% last month after gaining…