In his monthly Mid-America Business Conditions Index Survey of supply managers, Creighton University Economist, Ernie Goss, says he anticipates a federal rate cut in September due to the weakening economy. He is keeping an eye on month-to-month changes regarding the Consumer Price Index and Producer Price Index:
Goss says he expects long-term interest rates to move sideways to slightly higher. He is keeping an eye on the bond market as that could determine the potential for a recession.
