The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
Usually, the Federal Open Market Committee makes decisions on adjusting its federal funds rate in unison. But not this time.
The Federal Reserve didn’t just cut interest rates at its September meeting. It cut BIG, opting for a 50-basis point move.
The S&P 500 slipped 0.2% on Friday, Sept. 20, receding from the record high it printed after this week's interest-rate cut by ...
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