She said the case for raising US interest rates has strengthened in recent months as labour market and economy improved
US Fed Reserve chair said the case for raising US interest rates has strengthened in recent months as labour market and economy improved
Risk markets were wary of the US central bank hinting at a near-term interest rate hike
Hillary Clinton is proposing a $275 billion package for the nation's ageing infrastructure; Republican Donald Trump is calling for about twice that
The comments from US central bank opens door to resuming monetary policy tightening this year
Fed policymakers' deepening uncertainty about their own projections has resulted in the central bank sending mixed messages
Yellen's remark that the Fed will raise rates "probably in the coming months" drove benchmark two-year note yields higher for a third consecutive week
She seems on board with colleagues who say Fed should continue with policy tightening
Sensex, Nifty add 1.8% each
The move pumped up the euro to its highest level in almost two weeks, MSCI world equity index rose 0.8%