Federal Reserve

The latest on Federal Reserve Chair Janet Yellen's mid-year economic outlook and testimony to Congress (all times local): ___ 10:15 a.m.

Shares of banks rose Wednesday morning as Federal Reserve Chain Janet Yellen told Congress the central bank is likely to raise interest rates this year and as some of the largest banks reported encouraging second-quarter results.

Federal Reserve Chair Janet Yellen will deliver the central bank's mid-year economic outlook this week to Congress, where she will face grilling from House and Senate lawmakers.

Federal Reserve Chair Janet Yellen says she expects to start raising interest rates later this year but stresses that a number of headwinds are still holding back the U.S. economy.

Federal Reserve policymakers last month saw signs that the economy was healing after its winter slump but still wanted more signs of improvement before they began raising interest rates.

The prospect of a Greek crackup isn't so terrifying anymore.

U.S. stocks rose slightly in early trading Thursday as investors look over a mixed report on the job market.

If investors hoped Thursday's U.S. jobs report would give them clarity, they were probably disappointed.

Near-zero interest rates could become chronic in the world's major economies unless "a firm hand" is used to raise them back to more normal levels.

All times are Eastern WEDNESDAY, July 1 WASHINGTON — Institute for Supply Management releases its manufacturing index for June, 10 a.m.; Commerce Department releases construction spending for May, 10 a.m.

U.S. and global stocks headed lower Wednesday as negotiations between Greece and its lenders drag on and it appears the parties are not as close to a deal as originally thought.

In an interview on FOX Business Network’s The Intelligence Report with Trish Regan, Marc Faber, editor of the Gloom, Boom and Doom Report, said there is definitely a bubble, but didn’t put the blame solely on the Federal Reserve.

U.S. stocks edged lower in Friday morning trading, a day after big gains pushed the Nasdaq composite to a record high.

U.S. stocks moved higher in early trading Thursday, extending gains a day after the Federal Reserve left interest rates unchanged from historically low levels.

Asian stock markets were mostly lower Thursday after the Federal Reserve cuts its forecast for U.S. economic growth, a move that could delay Fed rate hikes but also suggests reduced American demand for Asia's exports.

U.S. stocks edged higher Wednesday as investors waited on the Federal Reserve.

More Federal Reserve policymakers expect just one or no increase in short-term interest rates will occur this year compared with three months ago, reflecting a sharp slowdown in the economy at the start of the year.

Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in April suggests that economic activity has been expanding moderately after having changed little during the first quarter.

The Federal Reserve is expected to signal Wednesday that it's getting closer to raising interest rates for the first time in nearly a decade while leaving the timing of that increase uncertain.

With evidence that the U.S. economy is rebounding from a winter slump, the Federal Reserve will likely signal this week that an interest rate increase is coming — just not quite yet.