Federal Reserve Chair Janet Yellen shows signs of taking a page out of her predecessor’s policy playbook as she inches toward the central bank’s first interest rate increase in nine years: Delay action in September only to move in December.
While the Fed on Thursday opted to keep rates pinned near zero for now, Yellen told a press conference that most policy makers still expect to raise rates this year. She highlighted the strength of the U.S. economy, tying the decision to delay liftoff to fresh uncertainty about the outlook abroad an...
16:12 Trump to propose 10 percent spike in defense spending, massive cuts to other agencies23
13:09 JCPenney shuttering up to 140 stores as sales weaken, more sluggish growth seen ahead18
17:21 Stocks mixed after Treasury Secretary points to significant tax reform; industrials lag24
18:41 U.S. home sales hit 10-year high, prices soar20