New York — Global stock indexes edged higher while the US dollar was little changed on Thursday after US Federal Reserve Chair Janet Yellen said the central bank could raise interest rates "relatively soon." Yellen, who was testifying on the economic outlook before the congressional Joint Economic Committee, indicated little had changed yet following the victory of Donald Trump in the November 8 US presidential election. She said she intended to serve out her term, which ends in 2018, and indicated the Fed remained on track to raise rates at its meeting next month. The dollar receded earlier in the day from a 13-and-a-half-year peak, though it turned higher after upbeat US economic data, that stoked expectations of an acceleration of US economic expansion in the fourth quarter, helped the dollar. The dollar index, tracking the greenback relative to a basket of key foreign currencies, was last up 0.1%. US stocks, which rallied after Republican Donald Trump’s surprise White House win,...
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