U.S. Stocks Rise Amid First Fed Interest-Rate Boost Since 2006

  • Policy makers vote unanimously to raise rates 25 basis points
  • Energy shares lag after two-day rally as crude oil tumbles

Fed Raises Interest Rates, First Time in Nearly a Decade

U.S. stocks rallied as the Federal Reserve ended seven years of near-zero interest rates, and assured investors that the world’s largest economy is resilient enough to withstand future increases in borrowing costs at a gradual pace.

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