Fed Chair Yellen: US rate increase 'likely' later this year

US Federal Reserve chief Janet Yellen said Thursday that she still expects to increase interest rates in 2015 and that concerns about weaker global growth likely will not affect that plan. Yellen's remarks came a week after the US central bank opted at a widely anticipated meeting against enacting the first rate hike since the financial crisis of 2008. Following the September 17 meeting, Yellen told a press conference that the committee decided to hold off due to worries about slowing growth in