Traders gather on the floor of the New York Stock Exchange. Stock and bond prices have been sinking because investors were caught off guard and alarmed by the Federal Reserve's signal that long-term interest rates are headed higher. The markets did rise Tuesday.
Photo by Associated Press /Chattanooga Times Free Press .
published Tuesday, June 25th, 2013
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WASHINGTON — The U.S. housing recovery is strengthening. Factories are fielding more orders. And Americans’ confidence in the economy has reached its highest point in 5 1/2 years.