Associated Press

With this data, the Fed is expected to raise interest rates aggressively.

Borrowers will not be asked to make payments until after Aug. 31, and interest rates are expected to remain at 0% during that period.

Amazon's union campaigns come at a time of widespread labor unrest at many corporations, including Starbucks.

Despite the inflation surge, persistent supply bottlenecks, the damaging effects of COVID-19 and now a war in Europe, employers have added at least 400,000 jobs for 11 straight months.

With more likely to follow, the rate hikes will eventually mean higher loan rates for many consumers and businesses.

"The deal pushes the game forward,” Yankees pitcher Gerrit Cole told the Associated Press.

Gas prices have already been on the rise since the Russian invasion of Ukraine. The move is likely to increase prices at the pump even more.

Although the United States is the world’s largest oil producer, it can’t meet domestic demand with domestic oil.

The Labor Department’s report Friday also showed that the unemployment rate dropped from 4% to 3.8%.

Congress will be revisiting this issue in December.