The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future ...
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
The Federal Reserve delivered its second interest rate cut in a row to boost the economy and prevent a rise in unemployment, but it may take a while for consumers to see its effects.
“When you have a new administration and they want to have some sort of fiscal policy initiative that could alter growth ...
Boston Fed President Susan Collins said it was too soon to say whether the Fed should cut interest rates next month. “It’s ...
Americans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery ...
The Republican sweep of the 2024 election sets the economy on course for potentially faster economic growth, higher inflation, and higher interest rates in the years to come, according to several ...
Fed watchers see a greater chance the central bank may skip a rate cut at its last meeting of the year in December.
Richmond Fed president Tom Barkin said Friday that he expects inflation will continue to drop into next year and hinted at ...
The Fed has two main objectives: maintain maximum employment and contain inflation. Although one single data point is never ...
The Chicago Fed chief said as long as inflation continues down toward the central bank’s 2% goal, interest rates will keep ...
U.S. stock futures pointed to another day of losses Friday as investors absorbed the message of Fed Chair Jerome Powell that ...