Job creation boomed in February despite the brutal winter conditions, and the unemployment rate dropped to 5.5 percent.
A June rate hike by the Fed is looking more likely again, market watcher Jim Paulsen tells CNBC.
The Fed should not wait too long to raise rates, a top U.S. central banker said, because doing so could mean "drastically" overshooting on inflation.
The U.S. international trade deficit narrowed just slightly less than expected in January.
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