CHICAGO/WASHINGTON DC (Reuters) - The U.S. Department of Agriculture has frozen some funding for farmers as it goes through a sweeping review, despite assurances from the Trump administration that programs helping farmers would not be affected in the government overhaul. The impact has been immediate and wide-ranging, from cash assistance for ranchers to fix cattle watering systems to help for...

(Reuters) - Federal Reserve officials on Friday said the U.S. job market is solid and noted the lack of clarity over how President Donald Trump's policies will affect economic growth and still-elevated inflation, underscoring their no-rush approach to interest rate cuts. On Friday the Labor Department reported a 4% unemployment rate last month and the addition of 143,000 jobs, a...

03:53 PM EST, 02/07/2025 (MT Newswires) -- The number of oil rigs in the US increased by one in the week ended Friday, according to data compiled by energy services company Baker Hughes ( BKR ) . The count for oil grew to 480 rigs from 479 last week, while gas added two rigs to 100. Miscellaneous rigs rose by...

03:16 PM EST, 02/07/2025 (MT Newswires) -- Fed Governor Adriana Kugler (voter) said that the Federal Open Market Committee will continue to watch incoming data and the economic outlook, noting that inflation has slowed from its post-pandemic peak but that recent progress has been slow and uneven. Minneapolis Fed President Neel Kashkari (nonvoter) said that the January data show that...