In his August mid-America Business Conditions Index Survey of supply managers, Creighton University Economics Professor, Ernie Goss, says too many inflationary pressures remain for an economy that is weakening. He anticipates a September interest rate cut of 25 basis points by the Federal Reserve, but believes rates will trend upward in the months ahead:
According to Goss, the upcoming employment report could shed some light on the interest rates.
