Signaling she's in no hurry to raise rates, Federal Reserve Chair Janet Yellen said the central bank is unlikely to move before the end of April and that borrowing costs will remain low for a �long time� after liftoff.
... * Fed on track to raise rates sometime next year. * Energy shares lead gains on S&P 500. * Indexes up: Dow 1.1 pct, S&P 1.3 pct, Nasdaq 1.4 pct (Updates to late afternoon).
NEW YORK Dec 17 (Reuters) - A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company are the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba.
WASHINGTON (Reuters) - The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep them near zero for a "considerable time" in a show of confidence in the U.S.
Prices paid by American consumers dropped in November by the most in almost six years, providing a boost to buying power that will propel economic growth.