Federal Reserve

Target joins other retailers trying to draw inflation-weary shoppers to stores. The chain says reductions have already been reflected in about 1,500 products.

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 Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.

The Dow Jones Industrial Average on Monday fell 2.9 percent to 21,792.20 — its worst Christmas Eve performance. It Broke the 1918 record. U.S. stocks are on track for their worst year since 2008.

The U.S. Federal Reserve is raising the benchmark borrowing rate to a range of 2.25 percent to 2.50 percent, a move that would put it at the highest level in a decade.

Fed Chair Janet Yellen says that although job growth is rebounding, she sees no inflation threat and no hurry to raise rates. The Fed is not likely to do so before the presidential election.

The Federal Reserve is raising interest rates after seven years of record lows. It's signaling that further rate hikes will likely be made slowly.

In one exchange, a broker told a trader, "mate yur getting bloody good at this libor game ... think of me when yur on yur yacht in monaco."

Economists don’t seem to agree on whether the plummeting price of oil could cause a recession in Texas next year.The price per barrel has dropped to $55,…