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Janet Yellen

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  • 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.

  • Cramer Remix: Here’s what the Fed did Wednesday, 17 Dec 2014 | 7:06 PM ET
    Jim Cramer on Mad Money.

    The market may have rallied, but "Mad Money" host Jim Cramer thinks that’s just the beginning of Yellen’s impact.

  • NEW YORK, Dec 17- The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the U.S. economy and said it would take a patient approach toward raising interest rates. 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,...

  • NEW YORK, Dec 17- Economists at Wall Street's biggest banks remain convinced the Federal Reserve will raise interest rates by next June and most expect the Fed to tighten policy more than once in 2015, a Reuters poll found after the U.S. central bank wrapped up a policy meeting on Wednesday. The Fed last raised interest rates in 2006 and has held its target policy...

  • SYDNEY, Dec 18- Asian shares 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, Nikkei futures were pointing to an opening increase of at least 1 percent, while stocks in Australia climbed 1.1 percent.

  • Cramer: Time to tame the oil beast Wednesday, 17 Dec 2014 | 6:12 PM ET

    It's not the fact that oil prices are declining that alarms Jim Cramer, it's the velocity of the oil beast. He shared the upside to a slow decline.

  • NEW YORK, Dec 17- The U.S. dollar posted its biggest daily gain against major currencies since early October on Wednesday after the Federal Reserve signaled it was on track to hike interest rates sometime next year. "Markets are taking the dollar higher, as they should be, because the Fed is on track to hike rates in 2015," said Win Thin, currency strategist at Brown...

  • NEW YORK, Dec 17- The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the economy and said it would take a patient approach toward lifting interest rates. "This is the market saying,' Ah, I get it,' the Fed does not want to be in the business of disruption, this is a steady monetary policy and the Fed will continue...

  • COLUMN-Fed playing patience as inflation lags: James Saft Wednesday, 17 Dec 2014 | 4:34 PM ET

    Dec 17- Call it patience or any of the rest of the seven virtues if you like, but the truth is that the Fed can't raise interest rates because inflation won't play along. The Federal Reserve said on Thursday it is prepared to be "patient" before hiking rates but that this means the same as its former future guidance of a "considerable time." Fed chair Janet Yellen at the...

  • *FOMC stresses patience in normalizing interest rates. *Yellen sees boost for U.S. from oil drop, downplays risk. NEW YORK, Dec 17- U.S.

  • Fed has 2 'kids': Inflation & employment  Wednesday, 17 Dec 2014 | 3:38 PM ET

    CNBC's Steve Liesman asked Fed Chair Janet Yellen about oil's impact on inflation and monetary policy. Insight, with Diane Swonk, Mesirow Financial and Brian Jacobsen, Wells Fargo Advantage Funds, who still thinks the Fed is dovish.

  • Santelli: Yellen unsure about economy's GPS  Wednesday, 17 Dec 2014 | 3:32 PM ET

    Discussing how equities and yields digested comments by Fed chair Janet Yellen, with Jack Bouroudjian, Index Financial Partners; CNBC's Rick Santelli and Steve Liesman.