In his monthly Mid-America Business Conditions Index Survey of Supply Managers, Creighton University Economics Professor Ernie Goss says the overall economic index was above growth neutral. Goss says the outlook for 2025 is higher inflation and interest rates unless action is taken to reduce government spending:
Goss says regarding inflationary pressures, inflation has been tamed but not conquered. He expects the Federal Reserve to implement a rate cut of 25 basis points at its next meeting.
