Political Battle Over Interest Rates Not New, Not Good
Interest rates are increasingly becoming a political battleground, something that is not supposed to happen in the American system. Tennessee Tech Economics Professor Chelsea Dowell said the Federal Reserve raised interest rates in recent years to combat inflation. The Federal Government does not control the Federal Reserve, despite threats from President Donald Trump to fire […]
McBride: ARC Targets Distressed Counties For Investment
Appalachian Regional Commission Director Brandon McBride said the commission’s annual report on the economic health of counties helps make sure everyone involved understands the challenges being faced. Clay and Pickett Counties labeled as distressed in the new review. McBride said the Commission annually reviews the economic status of 423 counties in the Appalachian region. It […]
Poe Said UC Remains Economically Strong In Presidential Year
Highlands Economic Partnership Vice President Adam Poe said election years like 2024 can cause economic leaders to hold their breath. But Poe said the Upper Cumberland’s economy appears healthy entering the new year. Poe said the unique support of local career exploration efforts, chambers of commerce, and nonprofits can help the Upper Cumberland move forward […]
Cookeville Commercial Real Estate Market Seeing Imbalance Currently
Building costs have jumped but lease rates have remained consistent, leaving Cookeville’s commercial real estate imbalanced. That according to local real estate expert Craig Hughes. Hughes said that as the cost to build has nearly doubled since 2021, lease rates have not been able to keep up. Hughes said this leads to a lack of […]
TTU’s Dean Tom Payne: Positive News From Recent Fed Decisions
The Federal Reserve decided to pause interest rate hikes Wednesday, the first time it has done so over the last ten times it has met. Tennessee Tech College of Business Dean Tom Payne said that indicates the Fed’s desire to prevent accidentally overtightening. He said as the nation approaches a year under historic inflation conditions, […]
Increasing Interest Rates Come As Part Of Addressing Inflation
The federal reserve has increased interest rates, and is expected to do so again next month in its ongoing efforts to reduce inflation. Tennessee Tech College of Business Dean Thomas Payne said it will have a big economic impact, but a necessary one. He said as rates increase, the price of goods will decrease. “This […]
TTU Business Dean Sees Interest Rate Increase Leading To Economic Correction
Tennessee Tech Business College Dean Tom Payne said the interest rate increase issued by the Federal Reserve means a tough economy in the near future. Interest was increased three-quarters of a percentage point in an attempt to combat inflation. It is the sharpest height since 1994. Payne said the move will result in interest rates […]
Clay To Be Focus For TDEC Rural Economy Tourism Initiative
Clay County will be one of several focus areas for TDEC’s newly-launched initiative to heighten tourism industries in rural and distressed counties. Brian Clifford directs the Tennesse Bureau of Parks and Conservation Strategy and Support Office. He said that Clay is a significant area for the initiative because of its natural richness. Clifford said the […]
Advisor: Positive Outlook For 2021 Stock Market
A stable economy should mean a positive year in the stock market, but the presence of COVID still remains a red flag. That is according to Diamond Financial Partner Jason Murphy. Murphy said while he expects an overall up trend, the market will be volatile. “I do anticipate a correction in the market in the […]
Fentress No Longer A Distressed County
Fentress County has officially moved off the Tennessee distressed county list to only at-risk. The Appalachian Regional Commission annually categorizes all counties in Tennessee as distressed, at-risk, transitional or competitive based on economic status. Fentress County Executive Jimmy Johnson said the economic improvement is due to the workers of Fentress. “The workforce that we have,” […]
