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Wall Street ends lower after Yellen comments fail to inspire

Last Updated: Saturday, May 23, 2015, 08:37

In a speech, Yellen said a rate hike would be warranted this year if the economy keeps improving as expected. She also said it would take several years to return to normal interest rates.

US inflation steadies in April

Last Updated: Friday, May 22, 2015, 18:54

The Fed`s preferred inflation measure, the personal consumption expenditures price index, rose 0.3 percent in March year-over-year, while the core PCE price index was up a modest 1.3 percent.