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Loyola Marymount University Newsroom
James Devine, an economist and professor at Loyola Marymount University, told Newsweek that the bank’s prediction about an incoming recession was also accurate. “Since much of the world economy is already in recession, it…
However, James Devine, an economics professor at Loyola Marymount University, said that while falling gas prices will help reduce CPI inflation, it won’t impact the core inflation rate, which is what the Fed uses…
Consumers with fixed-rate mortgages and other loans that don’t fluctuate based on prevailing interest rates may have an easier time paying those preexisting debts, especially if their wages are exceeding rising prices broadly, according…
“There’s little or nothing that can be done on the economic front to fight this inflation beyond having the [Federal Reserve] cause a recession,” James Devine, an economics professor at Loyola Marymount University told…
