Peloton (PTON) Adds Amazon (AMZN) as Sales Outlet

Fitness equipment company Peloton (PTON) has announced a deal to sell select products through Amazon.com (AMZN). Read More...


Fed’s Kashkari says his biggest fear is inflation will be more persistent

Kashkari is already the most hawkish of all the central bank’s 19 policymakers and expects the Fed to need to lift its policy rate, now at 2.25%-2.5%, another two full percentage points by the end of next year. “The big fear that I have in the back of my mind is, if we are wrong and markets are wrong and that this inflation is much more embedded at a much higher level than we appreciate or markets appreciate, then we are going to have to be more aggressive than I anticipate, probably for longer, to bring inflation back down,” Kashkari said. Right now, he said, it’s “very clear” the Fed needs to tighten monetary policy.

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