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WASHINGTON coach
legacy tote black , May 22 (Xinhua) -- U.S. Federal Reserve is on
track to raising its benchmark interest rate this year despite the weak
performance in the first quarter.

"If the economy continues to improve as I expect, I think it will be
appropriate at some point this year to take the initial step to raise the
federal funds rate target and begin the process of normalizing monetary policy,"
said Fed Chair Janet Yellen at an event in Rhode Island on Friday.

She reiterated that the pace of normalization is likely to be gradual and it
will be "several years" before the federal funds rate is back to its normal and
longer run level.

The recently released Fed policy meeting minutes showed many Fed officials
did not expect to raise interest rate in June as they believed the data
available in June would not provide sufficient confirmation that the economic
conditions warrant the liftoff.

Following the release of the minutes, the market widely sees September or
even later as the most likely time for the rate increase. The Fed has kept its
benchmark short-term interest rate near zero since December 2008.

In assessing the two criteria for raising rates, Yellen said despite the
significant gains of the past couple of years coach
chelsea leather tote , there is still slack in the labor market,
such as some people being forced to leave job market due to lack of job
opportunities.

As for inflation, the other criterion which has run below the Fed's 2-percent
target for years, Yellen said, as the economy strengthens further and oil prices
stabilize coach
edie leather shoulder bag , she and other Fed officials believed
that the consumer price inflation will move up to 2 percent. Meanwhile, other
temporary factors also weighed on inflation recede, she added.

She attributed the nearly flat growth in the first quarter to transitory
factors, such as severe winter and labor disputes in west coast, but held a
cautious view about the economic outlook.

Yellen said the economic growth would be moderate over the remainder of the
year and beyond as headwinds facing the economy coach
chelsea leather shoulder bag , including slow housing sector
recovery, weak investment in energy sector, and slow global growth, have not
fully abated.

Most Fed officials expected the economy to grow about 2.5 percent per year
over the next couple of years, Yellen said.

"

LOS ANGELES - Four teenagers pleaded not guilty Tuesday to murder charges in
the fatal beating of a Chinese graduate student at the University of Southern
California.

According to prosecutors coach
madison shoulder bag black , Jonathan Del Carmen, 19; Andrew
Garcia, 18; Alberto Ochoa, 17; and Alejandra Guerrero, 16 coach
poppy signature shoulder bag , fatally attacked USC engineering
student Xinran Ji at around 1 a.m. on July 24, 2014.

File photo of Ji Xinran. [Photosina]

They entered their pleas at a downtown Los Angeles courtroom, Los Angeles
County District Attorney spokeswoman Sarah Ardalani said.

Xi, 24, was beaten with a baseball bat and a wrench as he walked to his
apartment near the university campus. He made it back to his
apartment coach
legacy leather shoulder bag , leaving a trail of blood, and a
roommate discovered his body hours later.

Prosecutors have not yet decided whether to seek the death penalty against
Del Carmen and Garcia, Ardalani said. The other two defendants are not eligible
for the death penalty because they are under the age of 18.

University of Southern California (USC) students and faculty watch a memorial
service for murdered USC graduate student Ji Xinran, 24, from China on a
television screen on the USC campus in Los Angeles coach
kristin satchel black , California August 1, 2014. [PhotoAgencies]

Garcia and the two younger teens were also charged with robbery and assault
with a deadly weapon. All four are due back in court on Sept. 12.

The fatal beating of Ji reverberated through the university community,
particularly among students from China. In 2012, two USC students from China
were fatally shot during an off-campus robbery also during the early morning
hours.

In response to Ji's death, USC announced last Friday enhanced security
measures coach
prairie leather satchel bag , including increased year-round
security patrols both on- and off-campus. This fall, the university will also
require international graduate students to complete safety education programs.

Parents of murdered USC graduate student Ji Xinran, 24, from China, Du Jinhui
(2nd R) and Ji Songbo (2nd L) coach
borough large black satchels , cry after viewing his body for the
first time at a funeral home in Alhambra, California July 31, 2014.
[PhotoAgencies]

"

　　BEIJING， April 1 (Xinhua) -- Rating agencies have overstated China's
economic difficulties when lowering the outlook on its sovereign credit rating
from stable to negative， an official said Friday.

　　"Standard & Poor's (S&P) and Moody's have overestimated the
difficulties China is facing， while underestimating its ability to push forward
reforms and cope with risks，" said Vice Finance Minister Shi Yaobin.

　　S&P on Thursday said that China's sovereign credit rating had slipped
to negative because excessive government spending and debt may curb growth. It
did， however， maintain the rating at AA-， saying the government's reform agenda
was on track albeit at a slower-than-expected pace.

　　Moody's made a similar decision earlier in March， based on expectations
that China's fiscal strength would continue to decline， its forex reserve cuts，
and uncertainty about economic reforms.

　　"Rating agencies need not worry about China's economic restructuring， debt，
state-owned enterprise reform and financial market risks. They need in-depth and
comprehensive estimation on China's achievements and structural reform
development，" said Shi in an interview.

　　With an annual growth rate of 6.9 percent in 2015， China contributed over
25 percent of the world's economic growth last year， the vice minister said.

　　"As the world's second largest economy and the top trading nation， China
has been a growth engine and a stabilizer since the outbreak of the
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