Federal Reserve

Yellen cites economic gains as Dec. rate hike seems likely

Federal Reserve Chair Janet Yellen is sketching a picture of a U.S. economy that's still not at full health but is showing enough gains in hiring and growth to raise expectations of a Fed interest rate hike in December.

Yellen cites economic gains as Dec. rate hike seems likely

Federal Reserve Chair Janet Yellen is sketching a picture of a U.S. economy that's still not at full health but is showing enough gains in hiring and growth to raise expectations of a Fed interest rate hike in December.

Yellen: 'Fully My Intention to Serve Out Term'

In Yellen's first remarks since the election of Donald Trump as the next president, the Fed chair indicated little had yet changed as a result of the Nov. 8 outcome. She said she intends to serve out her term, which ends in 2018, and indicated the Fed remains on track to raise rates at its meeting next month.

Yellen: 'Fully My Intention to Serve Out Term'

In Yellen's first remarks since the election of Donald Trump as the next president, the Fed chair indicated little had yet changed as a result of the Nov. 8 outcome. She said she intends to serve out her term, which ends in 2018, and indicated the Fed remains on track to raise rates at its meeting next month.

U.S. Jobless Claims Hit 43-Year Low

The number of Americans filing for unemployment benefits fell to a 43-year low last week, pointing to a rapidly tightening labor market that could allow the Federal Reserve to raise interest rates next month.

U.S. Jobless Claims Hit 43-Year Low

The number of Americans filing for unemployment benefits fell to a 43-year low last week, pointing to a rapidly tightening labor market that could allow the Federal Reserve to raise interest rates next month.