Most Federal Reserve officials have said nothing to suggest they are ready to resume rate cuts this spring. [February’s payroll report](

Morgan Stanley is planning to lay off about 2,000 employees later this month, Bloomberg News reported on Tuesday, citing people familiar with the matter. The job cuts, the first major workforce reduction under CEO Ted Pick,

Morgan Stanley is reportedly planning to lay off about 2,000 employees but is exempting from the cuts its financial advisors, who have become an increasingly important engine of the company’s growth.