Yellen's testimony will be watched for clues on the timing of the next interest rate hike, a week after the central bank held rates steady but suggested that a move could come later this year. Minneapolis Fed President Neel Kashkari said the central bank could keep rates low for a while as inflation remains weak. Investors are also awaiting comments from Fed officials including voting members Esther George, James Bullard and Loretta Mester, who will be speaking at separate events.
BOSTON (AP) — A 22-year-old man rescued in the Atlantic after floating on a life raft for a week had been a suspect in the 2013 slaying of his grandfather, deepening the mystery surrounding his ordeal and the apparent death of his mother at sea.
WASHINGTON (AP) — Congressional leaders have broken a stalemate over money to address the Flint, Michigan, water crisis, top House aides said Wednesday, clearing the way for a spending bill needed to keep the government running until December. The spending measure also would provide long-delayed money to fight Zika.