US Federal Reserve hints at interest rate rise in 2015

Yellen said the Fed could begin raising rates six months after it halts its monthly bond-buying programme, the BBC reports. She made the remarks after the Fed said it will scale back bond purchases by a further $10bn (£6bn) per month. This is the third time in a row that the central bank has tightened its stimulus efforts. The latest reduction brings the Fed's monthly bond-buying down to $55bn from $85bn last year. "This is the kind of term it's hard to define," Yellen said at a press conference. "Probably means something on the order of six months, or that type of thing." If...