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

Business / Economy 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, the ...

Yellen signals Fed rate hike this year but mum on timing

Business / Economy 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 will ...