SIOUX FALLS, S.D. (Dakota News Now) – Area professors gathered Monday to discuss the intersection of national and local economics.
The event brought together leading experts to shed light on how national trends impact our community.
Professors from Augustana and South Dakota State explored topics ranging from employment rates to local business growth and inflation.
The main tool to control inflation is the federal funds rate. If that rate rises, banks typically pass on their additional cost.
“I am guessing they are not going to act at this next meeting. They are likely to act at the September meeting, if they continue to reason — as I believe they reason now — that the interest rate environment is probably higher than it should be to accommodate an economy that needs to continue performing well — operating at full employment, relatively low inflation,” said Joe Santos, director of Ness School of …