Last Updated: Friday, May 22, 2015, 22:44
Janet Yellen said Friday she expects the Federal Reserve to begin raising interest rates "at some point this year," saying delaying the long-awaited move risks the economy overheating.
Last Updated: Friday, May 22, 2015, 18:09
Chinese stocks hit a seven-year high as investors pinned their hopes on further economic stimulus while most other world markets were subdued Friday ahead of a speech by Federal Reserve chair Janet Yellen.
Last Updated: Friday, May 22, 2015, 09:11
The US Federal Reserve is likely to stick with plans to raise interest rates later this year, with progress towards its employment and inflation goals helping allay concerns over the economy`s recent weakness, current and former Fed officials say.
Last Updated: Saturday, May 9, 2015, 09:37
The Dow Jones Industrial Average finished the week up 167.05 points (0.93 percent) at 18,191.11, while the broad-based S&P 500 advanced 7.81 (0.37 percent) to 2,116.10, less than two points below a record.
Last Updated: Wednesday, May 6, 2015, 21:23
Federal Reserve Chair Janet Yellen warned Wednesday that US stock market valuations were "quite high" and pose "potential dangers" to financial stability.
Last Updated: Friday, April 17, 2015, 06:10
Federal Reserve officials on Thursday were again at public odds over when the U.S. central bank should start raising rates, underscoring the difficult task ahead for Fed Chair Janet Yellen as she tries to build consensus for a rate hike sometime later this year.
Last Updated: Friday, April 3, 2015, 11:07
The labor market has largely shrugged off a harsh winter, a buoyant dollar, weaker global demand and a now-resolved labor dispute at West Coast ports, which have combined to undermine economic activity in the first quarter.
Last Updated: Monday, March 30, 2015, 16:13
Gold fell one percent on Monday, down for a second straight session as the dollar climbed on increasing prospects that the Federal Reserve may start raising interest rates gradually this year.
Last Updated: Sunday, March 29, 2015, 15:15
Labour market data are therefore likely to be the highlight of the economic week, providing a further signal to the Fed on the health of the US economy and its capacity to withstand rate rises.
Last Updated: Saturday, March 28, 2015, 09:10
The US Federal Reserve is giving "serious consideration" to beginning to reduce its accommodative monetary policy and a rate hike may be warranted later this year, although a downturn in core inflation or wage growth could force it to hold off, the central bank`s chief said on Friday.
Last Updated: Tuesday, March 24, 2015, 08:49
The Federal Reserve is "widely expected" to begin raising interest rates this year though the policy path remains uncertain, the central bank`s second-in-command said on Monday, appearing to lay the groundwork for a less predictable future.
Last Updated: Thursday, March 19, 2015, 20:37
US stocks had ended up higher on Wednesday as investors, who had sold equities ahead of the meeting, were relieved by Fed Chair Janet Yellen`s dovish outlook.
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