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Janet Yellen

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  • Patience play sparks rally  Thursday, 18 Dec 2014 | 8:03 AM ET

    CNBC's Steve Liesman shares his thoughts on the Federal Reserve's pledge to be patient when it comes to raising interest rates.

  • Santa Claus rally on, but it could depend on this Thursday, 18 Dec 2014 | 7:38 AM ET
    A trader works the floor of the NYSE.

    The Fed may have helped prime the stock market for a Santa rally, if oil remains calm and there are no new flare-ups in overseas markets.

  • Fed's balancing act: Summers  Thursday, 18 Dec 2014 | 7:36 AM ET

    Larry Summers, Harvard University, discusses the Fed's decision to be patient about raising rates and the risk of secular stagnation.

  • FRANKFURT/ LONDON/ WASHINGTON, Dec 18- The world's major central banks are scrambling to work through the implications of the near halving of the price of oil in the second half of 2014, and they are coming up with very different conclusions. Perhaps unsurprisingly, policymakers looking at robust economic recoveries such as in the United States and Britain are...

  • Fed speak sparks rally  Thursday, 18 Dec 2014 | 7:03 AM ET

    CNBC's Steve Liesman weighs in on Janet Yellen's pledge to use patience when planning to raise interest rates.

  • Europe shares rally, led up by rebound for oil stocks Thursday, 18 Dec 2014 | 6:53 AM ET

    LONDON, Dec 18- European stocks rose on Thursday, led higher by energy-related stocks as oil rose and by strength in financials after the U.S. At 1135 GMT, the FTSEurofirst 300 index of top European shares was up 1.9 percent at 1,341.86 points. Oil companies topped the index, with Norway's Seadrill up 8.7 percent and Statoil up 6.4 percent, as Brent crude jumped 3...

  • Stock rally could depend on oil pressure Thursday, 18 Dec 2014 | 5:59 AM ET
    Traders work on the floor of the New York Stock Exchange, Dec. 17, 2014.

    The Fed may have helped prime the stock market for a Santa rally, if oil remains calm and there are no new flare-ups in overseas markets.

  • *Silver up more than 3 pct; platinum, palladium also rise. LONDON, Dec 18- Gold climbed more than 2 percent on Thursday after the Federal Reserve said it would take a patient approach toward raising interest rates, lifting stock markets and commodities while dampening the dollar. A break of stops above $1,200 an ounce sparked a rally in gold in early European trade,...

  • Oil prices good for emerging markets  Thursday, 18 Dec 2014 | 5:50 AM ET

    Geoff Dennis, head of GEM equity strategy at UBS, says low oil prices are good for growth in most emerging markets.

  • Fed: No 'anxious' desire to increase rates  Thursday, 18 Dec 2014 | 5:00 AM ET

    Discussing the recent Fed meeting, Tim Speiss, chairman of personal wealth advisors at EisnerAmper, says the central bank appears to be on "a slow and focused process" when raising rates, with no apparent rise until the end of the first quarter of 2015.

  • LONDON, Dec 18- The Swiss franc tumbled on Thursday as its central bank slapped a charge on deposits, wary of a flood of money exiting Russia and the likely pressure from the euro zone if the ECB starts full-scale money printing early next year. The jitters of recent days also calmed a touch as Russia managed to stabilise its rouble ahead of an end-of-year address...

  • PARIS, Dec 18- European stocks rose early on Thursday, tracking a rally on Wall Street after the U.S. At 0804 GMT, the FTSEurofirst 300 index of top European shares was up 1.4 percent at 1,335.46 points. Fed Chair Janet Yellen told a news conference that "patient" meant the policy-setting Federal Open Market Committee was unlikely to hike rates for "at least a couple of...

  • Dow industrials have their best day in three years Thursday, 18 Dec 2014 | 1:47 AM ET

    NEW YORK— The Dow Jones industrial average had its biggest surge in three years Thursday, its second straight triple-digit gain following the Federal Reserve's reassurance that it was in no hurry to raise interest rates. Bullish earnings from technology giant Oracle also drove the rally, which has helped stocks erase an early-December slump.

  • Fed eyes audit push as key political challenge in 2015 Thursday, 18 Dec 2014 | 1:00 AM ET

    Federal Reserve is lobbying to stem a rising threat to its independence as the "Audit the Fed" movement, once seen as usual background noise, looks set to gain momentum in 2015 when Republicans gain control of both houses of Congress. Fed officials are making their case for independence across Capitol Hill, reminding politicians of the damage that can come from...

  • Why the Fed thinks US economy still needs its help Thursday, 18 Dec 2014 | 12:05 AM ET

    WASHINGTON— If you didn't know about the lingering damage from the Great Recession, the U.S. economy would appear remarkably strong. So the U.S. central bank declared it would be "patient" in deciding when to raise its benchmark rate from a record low, where it's been since December 2008. "There is no preset time," Fed Chair Janet Yellen explained at a news conference.

  • SINGAPORE, Dec 18- Gold climbed on Thursday after the U.S. I think gold can stabilise between $1,180 and $1,200, "said Mark To, head of research at Hong Kong's Wing Fung Financial Group. Spot gold was up 0.8 percent at $1,197.60 an ounce by 0301 GMT.

  • Nikkei jumps 2.5 pct as market takes comfort from Fed Wednesday, 17 Dec 2014 | 9:26 PM ET

    TOKYO, Dec 18- Japan's Nikkei share average jumped 2.5 percent on Thursday morning after the U.S. The Fed said it would take a "patient" approach in deciding when to bump borrowing costs higher, which Fed Chair Janet Yellen, at a news conference, defined as "at least a couple of meetings." "Investors took heart from her comment that the Fed will take a patient approach...

  • *Wall St racks up biggest daily gain this year. SYDNEY, Dec 18- Asian share markets rallied on Thursday after U.S. stocks enjoyed their strongest session this year when the Federal Reserve sounded upbeat on the economy and promised to be patient in removing policy stimulus. In Asia, Japan's Nikkei jumped 2.4 percent, while stocks in Australia climbed 1.8 percent...

  • TOKYO, Dec 18- The dollar took the upper hand on Thursday after the Federal Reserve signalled it was on track to raise interest rates next year, altering a pledge to keep them near zero for a "considerable time" in a show of confidence in the U.S. economy. The dollar index rose to 89.109, flat in Asia but having risen 1.0 percent on Wednesday and coming within a striking...

  • SINGAPORE, Dec 18- Gold hovered near its weakest level in more than two weeks on Thursday after the Federal Reserve signaled it was on track to increase interest rates next year as the U.S. economy strengthens. *Spot gold was up 0.1 percent at $1,189.86 an ounce by 0023 GMT, not far above Wednesday's trough of $1,183.73 which was its lowest point since Dec. 1.