Payne: Fed Interest Rate Cuts Signal Cautious Optimism
The federal interest rate cut some .25 percent Wednesday, and a Tennessee Tech professor said the response expected. Tech’s Dean of the School of Business and Professor of Finance Tom Payne said there has been some weakening in the economy. Payne said the Federal Reserve is trying to strike a balance with their mandate. “We’ve […]
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 […]
Tech Lecturer: Fed Faces Challenges, Decisions With Inflation
Economists are in a tough spot trying to get inflation under control, according to a Tennessee Tech Lecturer, because of the “sticky wage, sticky price effect.” Federal Reserve Chair Jerome Powell admitted last week that there has been little progress in stabilizing inflation. Tech Economics Lecturer Chelsea Dowell said typically, as prices rise, wages rise […]
Stock Market Rallies After Federal Reserve Hints At Lower Interest Rates
Last week’s stock market rally could continue through early 2024 after the Federal Reserve announced that interest rates may begin to cool. Tennessee Tech Economics and Finance Professor Justin Lee said investors are growing optimistic and more willing to buy. He said that after sky-high interest rates have pressured them to be conservative, reports of […]
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 […]
Inflation Concerns Reach Highest Levels In Recent Memory
It has been many years since inflation concerns have dominated the national conversation about United States Economics. That is according to Dr. Thomas Payne, the Dean of Tennessee Tech’s College of Business. Payne said the concern stems from the Federal Reserve’s aggressiveness coming out of the pandemic. Payne said the amount of money being printed […]
