In his monthly Mid-America Business Conditions Index Survey of supply managers, Creighton University Economics Professor, Ernie Goss, says June was the fifth straight month the index registered a reading above growth neutral. While inflation dropped in June, he says only one out of 10 supply managers reported lower prices for the month.
Goss still anticipates a rolling recession with commercial real estate, banking and financial sectors impacted the most because of higher interest rates and real estate trends. Goss expects the Federal Reserve to raise interest rates by a quarter of a percent at its July meetings.
