PIERRE, (KCCR) — Interest rates look to stay high for awhile. Creighton University Economics Professor Dr, Ernie Goss says don’t expect to see drops in rates anytime soon…
Goss says the balance sheet could see some small rate boosts…
Goss says the Prime Rate should stay steady until closer to fall at eight-point-five percent…
Goss says another sign to look at is oil prices. If the price of a barrel of oil exceeds 90-dollars a barrel Goss says that would indicate growth in inflation with prices under 80 a sign inflation is falling.
