MINNEAPOLIS — Brace yourselves, we’re in for another big week when it comes to economic announcements and related predictions.
On Tuesday, the U.S. Bureau of Labor Statistics will release an updated Consumer Price Index. And on Wednesday, the Federal Reserve is expected to announce another interest rate hike – albeit a bit lower than previous hikes this year.
So what does that mean for our economy and your money? KARE 11’s Karla Hult sat down with Professor Mark Bergen, the James D. Watkins Chair in Marketing at the University of Minnesota’s Carlson School of Management.
“We’re likely to have inflation rates that are still substantial for a while, which means those budgetary pressures are likely to still be at play,” Bergen shared.
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