Despite positive inflation data this week, Richmond Federal Reserve President Thomas Barkin said Friday that more interest rate increases will be needed to tamp down price pressures.
Peloton is cutting jobs, closing stores and hiking prices
Peloton is slashing jobs again, and this time it’s also hiking prices on some of its products.
Consumer confidence rises more than expected in August as gas prices drop
U.S. consumer sentiment climbed more than expected in August as gas prices dropped nationwide, but Americans’ confidence in the economy remains near a record low.