Charting the Markets: Stocks Jump After Yellen Shows the Way
Global stock rebound, ringitt drops and Spanish stocks gain ahead of Catalonia vote.
Janet Yellen, chair of the U.S. Federal Reserve, listens to a question during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S.
Photographer: Andrew HarrerThis article is for subscribers only.
Fed Chair Janet Yellen has spoken: the U.S. central bank is on track to raise interest rates this year.
The dollar rose for the fifth day in six with the Bloomberg Dollar Spot Index on track for its biggest weekly gain in two months. Asian stocks swung between gains and losses, as did emerging market equities. Gold dropped after its biggest increase since January and highest close for a month.