Federal Reserve

U.S. stocks pared some of their gains on Monday after Federal Reserve Chair Janet Yellen painted a mostly positive picture of the economy and said interest rates were still on their way, but was less specific on the timing.

Federal Reserve Chairwoman Janet Yellen on Monday said the dismal May employment report has raised significant questions about the economic outlook that will weigh on officials as they determine when to lift short-term interest rates.

Federal Reserve Chairwoman Janet Yellen on Monday said the dismal May employment report has raised significant questions about the economic outlook that will weigh on officials as they determine when to lift short-term interest rates.

Federal Reserve Chair Janet Yellen will likely keep the door open to an interest rate hike within the next few months when she speaks on Monday.

Federal Reserve Chair Janet Yellen will likely keep the door open to an interest rate hike within the next few months when she speaks on Monday.

The U.S. economy's rebound from a weak winter has moved the Federal Reserve closer to raising rates, though last month's poor employment report might give it pause, a top Fed official said on Monday.

The U.S. economy's rebound from a weak winter has moved the Federal Reserve closer to raising rates, though last month's poor employment report might give it pause, a top Fed official said on Monday.

The U.S. interest rate hike so many investors were banking on either this month or in July may not happen in the near-term after the U.S. economy added just 38,000 jobs in May.

The labor market, which for weeks was heralded as one of the bright spots in the U.S. economy, saw a sharp slowdown in job creation in May, delivering a significant downside surprise to both Wall Street and the Federal Reserve.

The labor market, which for weeks was heralded as one of the bright spots in the U.S. economy, saw a sharp slowdown in job creation in May, delivering a significant downside surprise to both Wall Street and the Federal Reserve.

The labor market, which for weeks was heralded as one of the bright spots in the U.S. economy, saw a sharp slowdown in job creation in May, delivering a significant downside surprise to both Wall Street and the Federal Reserve.

Despite a nice rally, the greenback may still grind higher.

Despite a nice rally, the greenback may still grind higher.

Chicago Fed President Charles Evans said Friday he thinks a "reasonable case" can be made for deferring rate hikes until core inflation reaches the Fed's goal of 2 percent.

Chicago Fed President Charles Evans said Friday he thinks a "reasonable case" can be made for deferring rate hikes until core inflation reaches the Fed's goal of 2 percent.

Gold futures settled at more than three-month low Thursday on mounting expectations of an imminent U.S. interest-rate hike.

Gold futures settled at more than three-month low Thursday on mounting expectations of an imminent U.S. interest-rate hike.

With the U.S. economy showing signs of improvement from a weak start to the year, and equity markets having recovered significant first-quarter losses, the Federal Reserve appears primed to raise interest rates this summer for the first time since December.

With the U.S. economy showing signs of improvement from a weak start to the year, and equity markets having recovered significant first-quarter losses, the Federal Reserve appears primed to raise interest rates this summer for the first time since December.

Inflation pressures grew slightly across most of the United States from April to mid-May, the Federal Reserve said on Wednesday in a report that also pointed to rising labor costs for American companies.