Tariffs and the impact of those in the United States have been talked about quite a bit in recent months. St. Cloud State Economist King Banaian joined me on WJON to explain what has happened so far and what it means.
President Trump is expected to hand down extensive tariffs on numerous countries throughout the world starting today. St. Cloud State Economist King Banaian joined me on WJON. He expects the products that will be immediately affected include automobiles, electronics (cell phone, computers, etc..) and pharmaceuticals.
The holiday shopping season is underway. St. Cloud State Economist King Banaian joined me on WJON. He says Central Minnesota shoppers are looking for savings and name brands are not as important to many.
The Christmas shopping season is underway for some while others will wait until after Thanksgiving. St. Cloud State Economist King Banaian joined me on WJON today. He expects a good Christmas shopping season as consumers are still spending money.
The St. Cloud area is seeing labor growth. That according to St. Cloud Economist King Banaian, who joined me on WJON today. He says the St. Cloud area has seen a number of workers come into the area through migration.
It was a tough week on Wall Street last week and there have been numerous reports of job cuts. St. Cloud State Economist King Banaian joined me on WJON. He explains the recent troubles with the job market isn't a sign of a recession quite yet. Banaian says the job market is weaker and slower but he's not ready to say a recession is coming.
The cost of goods and services have been on the steady increase. St. Cloud State University Economist King Banaian joined me on WJON. He says wages are catching up with inflation but that also carries consequences. Banaian believes if wages go up too much it will cause interest rates to stay higher for longer because the Federal Reserve will feel like inflation hasn't made enough progress and they won't cut rates.