Pursuits
U.S. Stocks Decline After Inflation Data Rise, Yellen Remarks
Yellen: Initial Step on 2015 Rate Hike Is Appropriate
This article is for subscribers only.
U.S. stocks fell after data showed inflation firming, and Federal Reserve Chair Janet Yellen said she expects to raise interest rates this year, though the pace of further increases will be gradual.
Airline shares dropped, and Boeing Co. lost 1.7 percent. Energy companies retreated with the price of oil, and a stronger dollar weighed on consumer staples. Hewlett-Packard Co. added