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.
NEW YORK (MarketWatch) - The ruble appeared ready to end a two-week losing streak Wednesday after the Central Bank of Russia loosened controls on banks and the country's finance ministry sold foreign currency reserves in an effort to end the ...
WASHINGTON (Reuters) - U.S. consumer prices recorded their biggest drop in nearly six years in November as gasoline prices tumbled, but did little to change views the Federal Reserve would start raising interest rates in mid-2015.
Minutes after word got out that the 54-year-old U.S. trade embargo against Cuba was being eased, the markets were already picking winners.
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.