Stocks Close Sharply Higher As Fed Raises Interest Rates

US stocks rocketed higher in a volatile session and bond yields jumped to the highest level in almost three years after the Federal Reserve officially said it would raise interest rates for the first time since 2018. Major indexes rallied at the open, wall their gains after the Fed announcement and then raced to finish … Read more

February Hiring Strongest Since Summer; Unemployment Falls to Pandemic Low

The US economy posted the strongest job growth in seven months in February and the unemployment rate fell to the lowest level since the pandemic, signs of a strong labor market ahead of a pivotal Federal Reserve meeting. Employers added a seasonally adjusted 678,000 workers to their payrolls last month, the strongest gain since last … Read more