The jobs market is still healthy and paychecks are growing at a solid rate — although not fast enough to make up for surging prices on just about everything. That means that the Federal Reserve is increasingly certain to raise interest rates in May by a half-point to halt inflation in its tracks.

(SOURCE) https://www.cnn.com/2022/04/01/economy/federal-reserve-rate-hikes-inflation-jobs-report/index.html