The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by ...

The US Federal Reserve has lowered the 2025 GDP estimate to 1.4% from 1.7%. On the other hand, it has lifted inflation from 2 ...

Federal Reserve officials left interest rates unchanged and continued to pencil in two rate cuts in 2025, saying uncertainty ...

The Fed is expected to keep rates steady again Wednesday, with attention turning to its forecast for 2025 interest rate cuts amid cooling inflation.

The Australian Dollar (AUD) is gaining ground against the US Dollar (USD) on Wednesday, supported by a softer Greenback as ...

Central bank policymakers are widely expected to hold interest rates are their target range of 4.25% to 4.5% — where they ...

"Recent Fed commentary has reinforced a wait-and-see approach, with officials signaling little urgency to adjust policy amid ...

The Federal Reserve is likely to continue waiting for more clarity on the effects of tariffs, taxes and other policies before ...

The Federal Reserve is expected to keep interest rates unchanged on Wednesday as its policymakers assess signs of a cooling ...

The Federal Reserve is set to release its latest decision on interest rates at 2 p.m. ET on Wednesday. The central bank is widely expected to keep rates steady, despite [heavy political pressure]( ...