HOUSTON (Reuters) - Upstream oil companies wound down hiring in November, the Texas Independent Producers and Royalty Owners Association (TIPRO) said on Friday, ending five straight months of job growth. WHY IT'S IMPORTANT Hiring in the upstream sector, which includes activities related to drilling and producing oil, can serve as an indicator of the health of the oil and gas...

11:25 AM EST, 12/20/2024 (MT Newswires) -- The Kansas City Federal Reserve's monthly composite services index fell to a reading of 2 in December after rising to 9 in November, suggesting more modest expansion. A reading above zero indicates growth. There was a decrease in the Kansas City revenue/sales reading to 2 from 14, while the employment reading declined to...

The Personal Consumption Expenditures price index came in cooler-than-expected on Friday. PCE inflation growth reached 2.4% in November, up from 2.3% in October, but came in below economist forecasts of 2.5%.  Expert Ideas: Economists are weighing in on November's cool PCE data and what it could mean for the Federal Reserve and markets heading into 2025.  Sticky inflation appeared to...

(Reuters) - Chicago Federal Reserve President Austan Goolsbee said on Friday he now projects a shallower rate-cutting path in 2025 than he had previously, but added he still believes the U.S. central bank's policy rate will fall a judicious amount next year. The uncertainty about policy makes it particularly hard to make estimates of what the neutral rate is and...