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

President Donald Trump called Federal Reserve chair Jerome Powell “wrong” for his decision to not further cut interest rates.

Federal Reserve Chair Jerome Powell warned that the central bank could face difficult trade-offs in trying to cushion the U.S. economy from the fallout of President Trump's trade war. He hinted the ...

The Fed chair signaled the central bank will stand pat on borrowing costs despite President Trump’s trade fight. Investors and the president aren’t happy.

An aggressive U.S. tariff policy will trigger a significant slowdown in the U.S. economy this year and next, with the median ...

The stock market fell sharply anew on Wednesday, with all major indices ending in the red, as investor sentiment was dampened ...

Markets are expecting more rate cuts than they are likely to get, I argue, and the Fed's hawkish stance reinforces my views.

Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that high levels of uncertainty in the U.S.

After dramatically shooting up last week, refi rates have moved the other way for two days in a row. Rates dropped for many ...

Traders and economists see increased chances of cuts ahead but Federal Reserve Chair Jerome Powell said central bankers will ...

Data from the CME Group on Friday showed raised odds the federal funds rate will fall to 3.00% to 3.25%, down from 4.25% to 4 ...

Wondering what’s in store for interest rates? Rate cuts are on pause for now, but we think that’s only temporary. We expect a further 2 percentage points in cuts to the federal-funds rate by ...