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UrduA West Virginia University economist sees a multitude of potential benefits from the Federal Reserve’s half-point interest rate cut Wednesday (Sept. 18), a larger than expected reduction intended to help cushion the U.S. economy. Arabinda Basistha, associate professor of economics…
Tag: Federal Reserve
FSU expert available to discuss impacts of interest rate decision by the Federal Reserve
By: Stephen Stone | Published: September 17, 2024 | 3:08 pm | SHARE: On Wednesday, Americans are primed to see the first reduction in the Federal Reserve’s benchmark interest rate in over four years. The size of the cut is widely expected to be either 0.25 or 0.5 percent.The Fed’s current benchmark rate of 5.25 percent is the highest in 23 years and was set to tame inflation that elevated quickly during the pandemic.
Expert Available: July Jobs Report Misses Expectations, Unemployment Rising
The US economy added only 114,000 jobs in July, significantly below the expected 175,000, while the unemployment rate rose to 4.3%, its highest level since October 2021. …
Kelley Futurecast: US economy will slow slightly in first half of 2024, but end year stronger
Buoyed by an expected steady decline in inflation, an economic forecast from the Indiana University Kelley School of Business is optimistic in projecting that the economy will slow modestly in the first half of 2024 and then reaccelerate in the second half of the year.
MSU expert: Higher interest rates could harm low-income nations
The Federal Reserve has increased interest rates and may curb inflation in the United States. However, for other countries, particularly developing nations, higher interest rates may create financial risks. Cristina Bodea, professor of political science at Michigan State University, shares expert insight on what this could mean.
Fed-Predicted Recession More Likely Severe than Mild
Finance professor Albert “Pete” Kyle describes how the SVB-fueled banking crisis has created the conditions for a severe recession rather than the mild recession that Federal Reserve economists have predicted.
Economics expert explains how consumer price reports show ‘inflation is not done yet’
Expectations that inflation has eased fueled recent stock market gains, but results from two major price-tracking indexes came in higher than expected, dousing that optimism with cold water. The statistics from these reports have economists predicting that the Federal Reserve will continue to raise interest rates to get inflation under control.
Economics Expert: Recession May Already Be Here
As federal interest rates climb and the U.S. economy continues to retract, fears of an impending 2023 recession loom large in the minds of Americans. However, as one economics expert notes, the nation may already be experiencing one. “The slowdown…
US Housing: Smith Expert Breaks Down the Gloomy Forecast
Clouds are on the horizon for U.S. housing, says UMD Smith’s Clifford Rossi. He examines key variables to determine whether “we’re looking at a Cat 5 hurricane or merely a steady rain.” He says anticipate the latter.
Notre Dame experts discuss 2022 midterm elections
The 2022 midterm elections will take place Tuesday (Nov. 8). With the country facing the looming effects of violence perpetrated at the U.S. Capitol on Jan. 6, 2021, uncertain economic times, high-profile Supreme Court decisions and hot-button policy issues, Notre…
The future of the labor market and the economy: A conversation with Dan Graff
Daniel Graff is director of the University of Notre Dame’s Higgins Labor Program. Here, he explores the resurgence of unionization efforts, the future of the U.S. labor market and its impact on the economy.
October jobs report: Growth likely, but threats come with Fed interest increases
On Friday, the U.S. Bureau of Labor Statistics will release employment figures for the month of October. The following Cornell University experts are available for interviews. Erica Groshen, senior economics advisor, is a labor statistics expert. She was also the…
Cornell economist available on anticipated Fed rate hike
With the Federal Reserve expected to raise rates three-quarters of a point again this coming Wednesday, Robert Hockett, expert in financial and monetary law and economics at Cornell University, is available for interviews. Hockett says: “Corporate profit growth rates, now…
WVU researchers see inflation hitting some businesses harder than others
As inflation surpasses 9% and investors brace for the possibility that the Federal Reserve will raise interest rates a full percentage point, two West Virginia University economists point out that the pain is not created equal, with the economic tailspin…
Black Households Suffer the Most from Rising Inflation Rates
Black households in the U.S. faced higher and more volatile inflation compared to white households from 2004 to 2020, reveals new research from the University of California San Diego’s School of Global Policy and Strategy.
Federal Reserve Rate Increase, Inflation, & Recession: AU’s Kogod School of Business Experts Available to Provide Insights & Commentary
Federal Reserve Rate Increase, Inflation, & Recession: AU’s Kogod School of Business Experts Available to Provide Insights & Commentary
Fed tapering could spur investment, increase labor demand
On Nov. 3, the Federal Reserve announced it would begin reducing the pace of its monthly bond purchases, a step toward more normal monetary policy. Erica Groshen is senior economics advisor at the Cornell University School of Industrial and Labor Relations,…
Webinar: Data Gaps Posing Risks to Financial Markets and Economy
The Federal Reserve’s Randal Quarles and Stanford professor Darrell Duffie will discuss the progress on financial stability analysis and data needs since the 2008 financial crisis.
Federal Reserve Short-Term Funding Markets Conference Set For Sept. 25
Maryland Smith and the Federal Reserve Board co-host a webinar to explore short-term funding markets that are experiencing funding stress and investor runs amid COVID-19 market turmoil.
Economist Available to Discuss Stress on Financial Markets
Rutgers scholar and economist Bruce Mizrach is available to comment on stress in the financial markets during the COVID-19 pandemic. Mizrach said: “The Federal Reserve has taken extraordinary action in response to the COVID-19 crisis, including plans for an unprecedented purchase of…
DePaul University experts available to discuss recovery, life after the COVID-19 pandemic
Recovery. Reentry. Reopen. Return. A new normal. Faculty experts at DePaul University are available for news media interviews about what comes next — after the COVID-19 pandemic. Does the world return to normal or will there be fundamental changes to how we live our lives, work, and travel; and how we are governed?
Fed must elastically supply liquidity to ensure functioning of markets, sufficient cash for businesses
Professor and Michael P. Grace II Collegiate Chair of Economics Eric Sims is available to comment on the interest rate cut and other Fed issues during this uncertain time. His initial comments are below. You can reach him at [email protected]. “The economic harm…