Scott Horsley

Former Federal Reserve chairman Ben Bernanke and two academic economists — Douglas Diamond and Philip Dybvig — share this year's Nobel Prize in economics for their work on bank runs.

The Nobel panel at the Royal Swedish Academy of Sciences in Stockholm has announced the winners for the Nobel Memorial Prize in Economic Sciences are Ben Bernanke, Douglas Diamond and Philip Dybvig.

Gas prices are likely to climb higher as OPEC and Russia announce a production cut, adding fuel to the inflation fire even as the job market shows signs of cooling down.

U.S. employers added 263,000 jobs in September — a modest slowdown from August. The job market is still tight, though, as the unemployment rate dipped to 3.5%.

A new jobs report showed a modest slowdown in hiring last month that was not enough to soothe Wall Street's worries about inflation and the Fed. The unemployment rate edged down to 3.5%

OPEC and its allies plan to slash oil output by 2 million barrels a day to prop up oil prices. Gasoline prices are rising again in the U.S., but the effects vary in different parts of the country.

A new inflation report shows prices rose more than expected last month. The Federal Reserve is likely to keep raising interest rates in an effort to curb demand and bring inflation under control.

The Federal Reserve is cracking down hard on inflation, in hopes of avoiding a repeat of the 1970s, when price hikes were so sustained, they got baked in to people's thinking.

Inflation watchdogs are acting to rein in runaway prices. They're hoping to avoid a re-run of the 1970s, when inflation went unchecked for so long it became harder to get prices under control.

The number of women in the workforce has finally returned to pre-pandemic levels, which is good for the economy. But after time away from the job market some women are reassessing their priorities.

Women left the workforce in large numbers early in the pandemic. Many of those women are now back on the job, easing concerns of lasting damage to their participation in the labor market.

The Federal Reserve is hitting the brakes on the U.S. economy in an effort to bring inflation under control. The central bank is raising interest rates at the fastest pace since the early 1980s.

The Federal Reserve raised interest rates by another 0.75 percentage points today, as it tries to control runaway prices. The central bank also signaled that additional rate hikes are likely.

Rising inflation has meant fewer restaurant meals, getaways and even doctor visits for many Americans, as nearly 4 in 10 say their family finances have gotten worse in the last year.

Inflation eased slightly in August thanks to falling gasoline prices, but the cost of many essentials continues to climb, including soaring power bills that are straining family budgets.

The unemployment rate inched up in August, but only because hundreds of thousands of people started looking for work. That jump in the workforce could take some pressure off inflation.

U.S. employers added 315,000 jobs in August, while the unemployment rate rose to 3.7% from 3.5% in July. A tight job market gives workers more bargaining power, but it may also fuel inflation.

Economists believe the US job market remained tight in August, with unemployment hovering around 3.5 percent. NPR's Scott Horsley reports on the latest.

Severe drought is forcing some ranchers to send cattle to slaughter early. That's sparked a temporary glut in beef that's leading to lower prices, but it won't last.

Steak prices have decreased as meatpackers processed more beef. But drought-stricken cattle ranchers are having to cut their herds, which is likely to lead to higher beef prices in the future.