*Yahoo rallies after results; BofA falls. NEW YORK, April 16- U.S. stocks rose 1 percent on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank's commitment to keeping interest rates low and Yahoo rallied.» Read More
*Rates on hold at 1 percent since September 2010. OTTAWA, April 16- Canadian central bank chief Stephen Poloz said on Wednesday an interest rate cut is still a possibility even though the bank forecasts inflation will pick up speed this year and approach its 2 percent target.
NEW YORK, April 16- The Federal Reserve's still distant decision to raise interest rates will depend on how far the U.S. economy remains from the central bank's employment and inflation goals, and how long it will likely take to meet them, Fed Chair Janet Yellen said on Wednesday.
FMHR trader Stephen Weiss expects a lift in the developed markets based on comments made by Fed Chair Janet Yellen.
CNBC's Steve Liesman provides insight into the highlights of Fed Chair Janet Yellen's comments at The Economic Club of New York.
NEW YORK, April 16- The length of time the Federal Reserve keeps its key interest rate near zero will depend on how far the U.S. economy remains from the central bank's employment and inflation goals, and how long it will likely take to meet them, Fed Chair Janet Yellen said on Wednesday.
LONDON, April 16- Britain's economy kept up its strong rate of growth at the start of 2014 and is expected to slow only marginally as the Bank of England leaves its main interest rate at rock bottom for another year, a Reuters poll found.
CNBC's Rick Santelli discusses the latest action in the bond market, and the Japanese yen versus the U.S. dollar.
*Prices fall as China growth beats expectations, stocks rise. China, the world's second-largest economy, grew 7.4 percent in the January-March quarter from a year earlier, the National Bureau of Statistics said on Wednesday. "That momentarily took the air out of that move," said Jim Vogel, an interest rate strategist at FTN Financial in Memphis, Tennessee.
NEW YORK, April 16- Applications for U.S. home mortgages rose last week as interest rates declined, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 4.3 percent in the week ended April 11.
Jesper Bargmann, Head of Trading Markets for Singapore at Nordea, says a rise in U.S. interest rates could take the currency pair higher.
The Fed should "explicitly" say it will keep rates near zero until the economy is within a year of reaching Fed goals, a policymaker said.
BANGOR, Maine, April 15- The Federal Reserve should "explicitly" state that it will keep interest rates near zero until the U.S. economy is within one year of reaching the central bank's employment and inflation goals, a top Fed policymaker said on Tuesday.
The Dow Jones U.S. Home Construction index has regained much of the ground lost in the second half of 2013, when rising mortgage rates and wider economic uncertainty broke an 18- month winning streak for homebuilder stocks. The average forecast covers D.R. Horton Inc, PulteGroup Inc, Lennar Corp, KB Home and Toll Brothers Inc..
ISTANBUL, April 15- An annual meeting of Turkey's central bank on Thursday will be closely watched for signs that Prime Minister Tayyip Erdogan's government, strongly opposed to high interest rates, is trying to boost its influence over monetary policy.
LONDON, April 15- Three former brokers at ICAP, the world's largest interdealer broker, appeared in a London court on Tuesday charged with running a four-year scheme to manipulate Libor benchmark interest rates.
With recent signs that housing may be slowing down a bit, Nobel Prize-winning economist Robert Shiller told CNBC on Tuesday that he'd still describe the recovery as strong.
CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar and Japanese yen.
Robert Shiller, Yale University economics professor, shares his thoughts on the pulse of the housing recovery. The components are showing weakness right now, says Shiller.
WASHINGTON, April 15- U.S. consumer prices rose in March, but inflation pressures remained generally benign, which should give the Federal Reserve ample scope to keep interest rates low. The Labor Department said on Tuesday its Consumer Price Index increased 0.2 percent last month as a rise in food and shelter costs offset a decline in gasoline prices.
LONDON, April 15- Three former brokers at ICAP, the world's largest interdealer broker, appeared in a London court on Tuesday charged with running a four-year scheme to manipulate Libor benchmark rates.