Federal Reserve

The U.S. dollar climbed to a 13-1/2-year high and global stock indexes rose on Thursday after comments by U.S. Federal Reserve Chair Janet Yellen bolstered the case for raising interest rates next month.

The U.S. dollar climbed to a 13-1/2-year high and global stock indexes rose on Thursday after comments by U.S. Federal Reserve Chair Janet Yellen bolstered the case for raising interest rates next month.

Billionaire investor Carl Icahn believes President-elect Donald Trump will select Wall Street veteran Steven Mnuchin as his choice for Treasury Secretary.

Billionaire investor Carl Icahn believes President-elect Donald Trump will select Wall Street veteran Steven Mnuchin as his choice for Treasury Secretary.

The latest on Federal Reserve Janet Yellen's testimony to Congress' Joint Economic Committee (all times Eastern): ___ 10:10 a.m.

The latest on Federal Reserve Janet Yellen's testimony to Congress' Joint Economic Committee (all times Eastern): ___ 10:10 a.m.

U.S. Federal Reserve Chair Janet Yellen gave more clues on the timing of a rate hike.

U.S. Federal Reserve Chair Janet Yellen gave more clues on the timing of a rate hike.

The S&P and the Nasdaq were slightly higher in late morning trading on Thursday as investors assessed remarks by Federal Reserve Chair Janet Yellen at a congressional testimony.

The S&P and the Nasdaq were slightly higher in late morning trading on Thursday as investors assessed remarks by Federal Reserve Chair Janet Yellen at a congressional testimony.

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.

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.

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.

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.

So much for polls.

So much for polls.

Federal Reserve Bank of St. Louis President James Bullard said Wednesday that he is still leaning toward backing an interest-rate rise increase in December.

Federal Reserve Bank of St. Louis President James Bullard said Wednesday that he is still leaning toward backing an interest-rate rise increase in December.

The U.S. dollar hit an 11-month peak on Monday as the risk of faster domestic inflation and wider budget deficits if Donald Trump goes on a U.S. spending binge sent Treasury and other benchmark global bond yields ever higher.

The U.S. dollar hit an 11-month peak on Monday as the risk of faster domestic inflation and wider budget deficits if Donald Trump goes on a U.S. spending binge sent Treasury and other benchmark global bond yields ever higher.