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UrduExpectations 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.
Tag: Inflation
Economics expert available to speak about outlier repercussions of Russian invasion of Ukraine
The one-year anniversary of Russia’s invasion – or in the words of Kremlin leaders, “special military operation” – has left thousands dead or wounded, scores of buildings and infrastructure destroyed or damaged, and millions of people displaced. The economic damage from the war reaches far beyond the borders of Ukraine and Russia.
Johns Hopkins Expert: Holiday Shoppers Will Be Reluctant Spenders
High prices due to inflation will curb consumer spending on gifts and other holiday expenses, predicts Johns Hopkins University economist Jonathan Wright. “High inflation means that real wages of many consumers will have fallen this year which is likely to…
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…
How Much Will Inflation Really Influence Spending This Holiday Season?
Almost everything is more expensive these days: Gas prices have reached record highs. Grocery prices are through the roof. And as we approach the holiday season, all that inflation leaves little money for extras like entertainment, travel, or shopping — or does it? For the scoop on how inflation will influence the holidays, we checked in with UNLV hospitality professor, tourism researcher, and consumer behavior expert Amanda Belarmino.
‘Uncertain’ economic outlook includes negative growth in 2023; recession not ruled out
With inflation at a 40-year high and an economy that is growing at a sluggish pace, concerns about a recession are real. But it may be avoided if consumer spending continues to persist and if more workers enter the labor force, according to a forecast released today by the Indiana University Kelley School of Business.
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.
Holiday travelers should expect high costs, trying transit
Inflation has prices on the rise for holiday travel this year. The following Cornell University travel and hospitality experts are available for interviews on what to expect. Christopher Anderson, professor of operations, technology and information management, is an expert in…
Thanksgiving dinner to cost ‘significantly more’ this year
Increases in food prices means Thanksgiving meals might end up being more expensive for families this year. Bradley Rickard, Cornell University food and agricultural economist, can speak to the rise in prices and how it will hit wallets this Thanksgiving.…
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…
How Will the Economy Affect the Midterm Elections?
With the midterm elections three weeks away, Rutgers experts weigh in on how the economy will be a factor with voters. Michael Lahr, Director of Rutgers Economic Advisory Service, Edward J. Bloustein School of Planning and Public Policy While the economy…
As prices climb, WVU expert encourages household spending review
With inflation at a 40-year high leading to higher prices for groceries, gas and other goods, a West Virginia University expert is offering some tips for saving on household expenses. Lauren Weatherford, a WVU Extension family and community development agent,…
Inventory surplus drives early holiday shopping deals, expert says
A surplus of consumer goods at retail stores nationwide means holiday shoppers might find some of the best deals now. Virginia Tech expert Jadrian Wooten says it’s an interesting economics puzzle and makes a lot of sense in the broad…
Rising food prices hit less-healthy older adults hardest, poll suggests
Three-quarters of people over age 50 in the United States say the rising cost of groceries has affected them somewhat or a lot, and nearly a third say they’re eating less healthily because of increased food costs, according to new poll findings. But some groups were hit much harder.
@UUtah economist talks about who does and doesn’t have student loan debt and about how people spend their money during the loan payment moratorium.
In the discussion around President Biden’s student loan forgiveness plan, one partisan point has come up repeatedly: that working class taxpayers shouldn’t pay off the debts of privileged college grads. But University of Utah economist Marshall Steinbaum says that’s not…
WashU Expert: Comparing annual inflation changes each month can distort reality
John Horn, an economics expert at Washington University in St. Louis, explains the math of inflation and why focusing on the annual rate of change, rather than month-to-month inflation changes, makes an already bad situation look worse.
Top-100 Tax Law Professor Available to Speak about Inflation Reduction Plan
With President Joe Biden’s $80 billion Inflation Reduction Plan directing funds to the Internal Revenue Service ($45.6 billion chiefly for enforcement) and taxing cryptocurrencies, a relatively new area for the IRS, Albany Law School Professor Danshera Cords is available to share her insight and deep knowledge of tax law.
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…
FSU offers experts who can comment as inflation continues to soar
TALLAHASSEE, Fla. — Florida State University offers experts who can comment on economic news, including U.S. government data Wednesday that showed a 9.1% inflation increase in June from a year earlier. The experts include: William Christiansen, the Truist Associate Professor…
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.
Johns Hopkins Experts Available to Discuss the Federal’s Reserve Interest Rate Increase
Johns Hopkins University faculty are available to discuss what the Fed’s three-quarters of a percentage point increase means for consumers, businesses, and the economy.
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
NSU Expert Delivers Down-to-Earth Perspectives on Current Inflation and Gas Price Crises
Albert Williams, Ph.D. – Professor of Finance and Economics at Nova Southeastern University’s H. Wayne Huizenga College of Business and Entrepreneurship. Williams has experience working with print and broadcast media and specializes in research focusing on managerial economics, statistics, monetary…
Your groceries are shrinking due to COVID-19, Ukraine war
Companies are shrinking the size of their products to increase profits in a process known as shrinkflation, and global crises like COVID-19 and the war in Ukraine are exacerbating the issue, according to an economics expert at Binghamton University, State…
WVU researcher says gas tax holidays are not good policy
A researcher at West Virginia University is arguing against the gas tax holidays being considered in several states as lawmakers look for ways to provide relief to consumers at a time of record-high gas prices and rising inflation. Heather Stephens, associate professor…
GW Expert Can Discuss Housing Market Trends and Analysis
Existing home sales fell slightly for a third straight month, according to April data released by the National Association of Realtors. A finance and economics professor at the George Washington University says a slowdown in home prices and production could…
Food prices will continue to rise, likely through next year
An agribusiness professor at the W. P. Carey School of Business at Arizona State University explains the factors causing prices to go up at the grocery store, and why the worst may not be behind us just yet.
Mid-America Growth Climbs as Confidence Plunges
The latest monthly Mid-America Business Conditions Index for a nine-state area indicates strong growth for the region, but at a slower pace.