Economist Weighs in On Whether the US Is In The Midst Of A Recession

(Omaha, NE) — A survey says supply managers from nine midwestern states, including Iowa, are very pessimistic about the economy. The Business Conditions survey shows continued growth but Ernie Goss, an economist with Creighton University in Omaha, says that growth is not very fast. He says the country is probably in a recession or skating along and moving into the recession in the next quarter or so. Goss says to listen carefully to what the Federal Reserve Governors say because when they see a recession ahead, they’re going to be raising interest rates. Goss says he expects the Federal Reserve to raise interest rates in September.