The economy is something of a mixed bag at the moment. After a year of skyrocketing inflation, prices appear to be declining but not the price of money. Interest rates continue to rise, making credit more expensive.
Coming out of the pandemic, many workers demanded and received higher wages which helped offset some of the inflation and employment levels today are higher than they were pre-pandemic. We’re almost at full employment, but now layoffs have begun in some industries with worries that more will follow.
We are joined by several experts on the economy to tell us where we are and where they think we’re headed.
Guests
Laura Ullrich, senior regional economist, Federal Reserve Bank of Richmond Charlotte Branch
Eric Freedman, chief investment officer, U.S. Bank Asset Management Group
Mark Vitner, chief economist, Piedmont Crescent Capital
