OMAHA, NE (KELO.com) — If you’re hoping for interest rates to come down you may be waiting longer than anticipated.
The Federal Reserve Board’s target is to bring inflation down to the two-percent level.
That hasn’t happened in more than six years.
Economist Dr. Ernie Goss says he expects the Fed to hold steady on rates for the next several months.
“I think inflationary pressures will come down a bit, but nowhere close to what the Federal Reserve Board is aiming for.
They’re going to still be, year-over-year, 3 to 4% – still too high.”
Despite the higher interest rates and supply chain problems, regional manufacturing remains in positive territory.
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