Markets

Fed to Be ‘Patient’ About a Rate Hike; Stocks Soar

Federal Reserve Chair Janet Yellen makes a statement on jobs and economic outlook, Wednesday, Dec. 17, 2014, at the Federal Reserve in Washington. The U.S. economy is finally doing better, and the Federal Reserve may be ready to acknowledge that fact. (AP Photo/Cliff Owen)
Federal Reserve Chair Janet Yellen makes a statement on jobs and economic outlook, Wednesday, Dec. 17, 2014, at the Federal Reserve in Washington. The U.S. economy is finally doing better, and the Federal Reserve may be ready to acknowledge that fact. (AP Photo/Cliff Owen)

WASHINGTON—The Federal Reserve is edging closer to raising interest rates from record lows given a strengthening U.S. economy. But it will be “patient” in deciding...




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