Peter Schacknow has served as Senior Producer at CNBC's Breaking News Desk since March 2006, producing breaking news stories and serving as copy editor for CNBC's flagship morning show, "Squawk Box." Prior to that, Schacknow spent seven years as morning anchor and reporter at Bloomberg Radio, specializing in business news and financial market coverage. In addition to anchoring, he covered a wide variety of events from the field, including the annual meeting of Warren Buffett's Berkshire Hathaway in Omaha and the Business Council CEO Conference in Florida. While at Bloomberg, Schacknow was nominated as Best Business Anchor by the New York Air Awards, and won an award from the NYS Society of CPAs for his "Tax Smart Now" series. This marks Schacknow's second stint at CNBC: he was a founding employee back in 1989, eventually rising to Supervising Producer before moving in 1994 to the CNBC Dow Jones Business Video operation as an on-air reporter. His experience also includes time at the CBS, ABC, and UPI Radio Networks, as well as radio stations WOR (New York), WGSM and WLIR (Long Island), and WVBR-FM and WTKO (Ithaca, N.Y).
Bonds sold off as traders read the Fed's new rate forecasts as slightly more aggressive, but Yellen's comments drove stocks up.
Some large-cap stocks are trading in bear market territory after falling off their recent highs this year.
Will Lennar finally turn around the negative sentiment dogging the home building sector?
Names on the move ahead of the open.
Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.
CNBC Personal Finance Correspondent
JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC
Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.
Senior Producer at CNBC's Breaking News Desk.