PIERRE, (KCCR) –Inflation in the middle of the country remains high and unchanged according to the June Mid America Business Conditions Index. Creighton University in Omaha, Nebraska conducts the monthly survey of conditions in nine states from the Dakotas to Arkansas. Economics professor Dr. Ernie Goss says June’s number fell from May…
Goss says the Consumer Price Index may show it’s hand on inflation trends…
Goss says the Producer Price Index is following suit…
Goss doesn’t believe the Federal Reserve will raise interest rates until September. Fed Chair Jerome Powell said Tuesday he wants to see further progress in lowering inflation before considering cutting back interest rates.
