While you were sleeping US data show shine

Thu, 20 Mar 2014

By Margreet Dietz March 21 (BusinessDesk) – Wall Street moved higher as the latest reports underpinned the view that the pace of recovery in the world’s largest economy is gathering momentum. Yesterday Federal Reserve Chairman Janet Yellen suggested US borrowing costs might begin rising faster than economists and investors had anticipated because of the US economy’s strength. Jobless claims rose by 5,000 to 320,000 in the week ended March 15, according to Labor Department data. The four-week average, a less volatile measure, declined to 327,...

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