Investors widely expect the Federal Reserve to raise short-term interest rates this week, so why’s the stock market so happy? The prospect of higher borrowing costs has been a source of panic for stocks in the past, yet major stock indexes are hitting fresh records. The reason: The economy is strengthening, U.S. corporate earnings are growing again, and rates aren’t expected to rise much or quickly, investors and analysts say.

Source: Wall Street Journal March 12, 2017 13:52 UTC