Goss: Inflation will rise
Creighton University economist Ernie Goss includes a modest increase in inflation in his May economic outlook. Here are his main bullet points:
- There’s a 55 percent chance the Federal Reserve will raise interest rates in June.
- Core inflation — which includes food and energy — will rise in the coming months, prompting the Fed to increase short-term rates twice this year.
- The U.S. financial market will be more volatile as the British approach a vote on remaining in the European Union.
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