Inflation data coming Friday should show a quicker rise in consumer prices at the end of 2024, supporting the Federal Reserve ...

U.S. economic growth slowed in the fourth quarter as a strike at Boeing depressed business investment in equipment, but ...

The mood at Reagan National Airport is somber following a devastating plane crash near Washington, DC, hours ago. Family members of likely victims are waiting anxiously for answers as first responders ...

The yen made broad gains on Thursday as Japan looks on track to keep raising interest rates while others cut, with the ...

Why is the Fed holding off on interest rate cuts? During his remarks following the Jan. 29 policy meeting, Fed Chair Jerome ...

The Fed has a dual mandate. In addition to stable prices, the central bank is supposed to support maximum employment. With ...

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

The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump called on the central ...

Investors react to the Federal Reserve's policy decision and Chairman Jerome Powell's press conference, as well as results ...

The Federal Reserve's policy committee voted to hold its key interest rate steady Wednesday. Stubborn inflation and a resilient labor market in recent months have curbed the central bank's appetite ...

Gold bulls could find themselves without much support once the current optimism in the market fizzles out, according to experts.

In a statement, the Fed repeated language implying that interest-rate increases could be on hold for an extended period. "The economic outlook is uncertain," Fed officials said, promising to keep an ...