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Featured Post from Cedarville University
Falling Flat: The Consumer Price Index
Oct 16, 2024
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Following a surprising jobs report, inflation didn't ease as much as anticipated. The Consumer Price Index fell to 2.4% year over year last month. Although this was not the desired number, inflation is still declining towards the Fed's target of 2%. What do these numbers mean for the upcoming election and future of the U.S. economy?
Dr. Jeff Haymond, economic expert and dean of the Robert W. Plaster School of Business at Cedarville University, has provided insight on recent U.S. economy updates in a recent interview:
- The consumer price index was higher than expected in September, but the recent interest rate cut and a hopeful jobs report still provide some good news for the economy. Will inflation continue to ease in the right direction?
- Experts, such as Haymond, acknowledge that the recent interest rate cut by the Fed was a political move. The cost of living is a crucial issue for U.S. voters as they prepare for the election and hope for eased inflation. How will this and other economic updates affect the decisions of voters as the elections draws near?
If you are covering the U.S. economy and need to know more, let us help with your questions and stories.
Dr. Jeff Haymond is an expert on this subject and is available to speak to media regarding the U.S. economy and what recent news means for families in the United States – simply click on his icon or email mweinstein@cedarville.edu to arrange an interview.
Connect with:
Jeff Haymond, Ph.D.
Dean, School of Business Administration/Associate Professor
Research interests include economics and religion, as well as monetary theory
Financial Markets (General)Federal Trade Reserve PolicyFree TradeMinimum Wage / UnemploymentGovernment Regulation
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Canada-U.S. Tariff Dispute Puts Trade Policy and Consumer Costs in Focus
Tariffs between the United States and Canada are again testing one of the world’s closest economic partnerships. New U.S. actions targeting select Canadian imports, along with Canada’s retaliatory measures on certain U.S. products, have moved the dispute beyond trade policy and into the everyday concerns of manufacturers, farmers, retailers and consumers on both sides of the border. The issue also arrives as the United States, Canada and Mexico assess the future of the U.S.-Mexico-Canada Agreement, making trade negotiations a significant government and diplomatic priority. From a government perspective, tariffs are being used as leverage to address market access, domestic production and perceived unfair treatment of national industries. From an economic perspective, however, the costs can spread quickly through integrated supply chains—particularly in automotive manufacturing, steel and aluminum, agriculture, energy and consumer goods. Companies may face higher input costs and greater uncertainty, while households could see higher prices or fewer choices. The central question is whether tariff pressure will produce a negotiated resolution—or prolong a dispute that affects businesses and consumers in both countries.
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Prince Harry and Meghan Return to England
Prince Harry and Meghan, the Duke and Duchess of Sussex, have returned to England with their children for an extended stay after more than six years living in California. While the family is not expected to resume official working roles within the royal family, the move places them again at the center of ongoing public interest in the British monarchy and its future. The return comes amid continued strain between the Sussexes and other members of the royal family, alongside Prince Harry’s expressed desire for reconciliation with his father, King Charles III. Their renewed presence in the United Kingdom raises questions about the monarchy’s public image, the role of nonworking royals and how personal relationships within the royal family may shape public perception in the months ahead.
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Canada-U.S. Tariff Dispute Puts Trade Policy and Consumer Costs in Focus
Tariffs between the United States and Canada are again testing one of the world’s closest economic partnerships. New U.S. actions targeting select Canadian imports, along with Canada’s retaliatory measures on certain U.S. products, have moved the dispute beyond trade policy and into the everyday concerns of manufacturers, farmers, retailers and consumers on both sides of the border. The issue also arrives as the United States, Canada and Mexico assess the future of the U.S.-Mexico-Canada Agreement, making trade negotiations a significant government and diplomatic priority. From a government perspective, tariffs are being used as leverage to address market access, domestic production and perceived unfair treatment of national industries. From an economic perspective, however, the costs can spread quickly through integrated supply chains—particularly in automotive manufacturing, steel and aluminum, agriculture, energy and consumer goods. Companies may face higher input costs and greater uncertainty, while households could see higher prices or fewer choices. The central question is whether tariff pressure will produce a negotiated resolution—or prolong a dispute that affects businesses and consumers in both countries.
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Prince Harry and Meghan Return to England
Prince Harry and Meghan, the Duke and Duchess of Sussex, have returned to England with their children for an extended stay after more than six years living in California. While the family is not expected to resume official working roles within the royal family, the move places them again at the center of ongoing public interest in the British monarchy and its future. The return comes amid continued strain between the Sussexes and other members of the royal family, alongside Prince Harry’s expressed desire for reconciliation with his father, King Charles III. Their renewed presence in the United Kingdom raises questions about the monarchy’s public image, the role of nonworking royals and how personal relationships within the royal family may shape public perception in the months ahead.