Understanding the Complexities of Inflation
The economy has continued to see relatively high inflation, an increase in the federal funds rate, a decline in stock market, and relatively low levels of unemployment.
The economy has continued to see relatively high inflation, an increase in the federal funds rate, a decline in stock market, and relatively low levels of unemployment.
Sung Won Sohn, an economics professor at Loyola Marymount University, said “it took this nation 200 years to pile up its first trillion dollars in national debt, and since the pandemic we have been…
“The flow of energy from Russia to Europe will be reduced significantly. The slowing economic growth here and abroad will soften demand somewhat but not enough to cut the price of energy significantly on…
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…
Loyola Marymount University Professor Sung Won Sohn says high gas prices are due to a “four-legged stool”: supply, demand, taxes, and regulations.
“We all support environmental regulations, but at the same time, we want cheap gasoline, which is not possible,” said Sung Won Sohn, professor of finance and economics at Loyola Marymount University. “You can’t have your cake and eat it too.”