New York Fed’s John Williams says labor market remains solid, even after unusually large downward revisions to job gains for May and June.

The Federal Reserve won’t cut interest rates until it sees how inflation and job creation respond to higher tariffs. The next big bite of the apple arrives on Friday with the July employment report. Here’s what to expect.

Federal Reserve Bank of Cleveland President Beth Hammack said the US labor market still appears healthy, though fresh jobs numbers released Friday constituted a “disappointing report to be sure.”