Albeit modest, Fed hikes rates from historic near-zero

Dec 17, 2015

Albeit modest, Fed hikes rates from historic near-zero

The Federal Reserve is raising interest rates after seven years of record lows. But it’s signaling that further rate hikes will likely be made slowly as the economy strengthens further and muted inflation rises. The Fed’s move Wednesday to lift its key rate by ...

U.S. jobs report bolsters case for Fed rate hike

Nov 7, 2015

U.S. jobs report bolsters case for Fed rate hike

U.S. job growth surged in October and the unemployment rate hit a 7½-year low of 5 percent in a show of economic strength that makes it much more likely the Federal Reserve will raise interest rates in December. Nonfarm payrolls increased 271,000 last month, ...

Yellen signals Fed rate hike this year but mum on timing

Jun 18, 2015

Yellen signals Fed rate hike this year but mum on timing

The U.S. central bank indicated Wednesday it is likely to raise the ultralow interest rates later this year although its policy-setting panel gave no new words regarding exactly when it could take place. “Clearly most participants are anticipating that a rate increase this year ...

Republicans in Congress challenge Fed's independence

| Feb 28, 2015

Republicans in Congress challenge Fed's independence

After unemployment and deflation, Federal Reserve Chair Janet Yellen finds herself in her toughest battle yet, fighting a push by Congress to assert itself over monetary policy. Newly in control of both houses on Capitol Hill, Republicans accuse the Fed of misguided policies and ...

Yellen reiterates patience is still the watchword for the Fed

Feb 25, 2015

Yellen reiterates patience is still the watchword for the Fed

Federal Reserve Chairwoman Janet Yellen said Tuesday the U.S. economy is making steady progress, but that for now the Fed will remain patient about raising interest rates because the job market is still healing and inflation is too low. In her semiannual economic report ...