Federal Reserve Chair Janet Yellen said the Fed may start raising rates around six months after quantitative easing—ahead of what experts were expecting. We take a closer look at how the markets react to her comments at her first live press conference, and how her first policy meeting may affect the economy. Read an article, watch Yellen’s full press conference, and read a transcript of her remarks.
The U.S. Federal Reserve is expected to scale back its $85 billion a month bond-buying program. As Fed policymakers convene this week, financial insiders speculate what the timetable for a stimulus wind-down could look like. We talk with two Chicago economists about the stimulus program and what federal tapering means for businesses and consumers. Read an interview.
The S&P 500 closes down for the fourth day in a row as the third quarter earnings season begins, and the Fed releases its latest economic data. Kris Kridel of WBBM Newsradio 780 and 105.9FM has those stories, and more top business headlines.