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 ...

U.S. adds solid 280,000 jobs; unemployment rate rises to 5.5%

Jun 5, 2015

U.S. adds solid 280,000 jobs; unemployment rate rises to 5.5%

U.S. employers added a robust 280,000 jobs in May, showing that the economy has regained momentum after starting 2015 in a deep slump. The unemployment rate ticked up to 5.5 percent from 5.4 percent in April, the government said Friday. But that occurred for ...