U.S. inflation rose at fastest rate in 40 years, Valley grew even faster
The last time inflation was this high was in 1981, and the solution then was a severe tightening of credit that tipped the economy into recession, according to an ASU economist.
In this article published April 12, 2022, in the Arizona Daily Independent(:
I think that the Federal Reserve will step in with massive interest rate increases that will choke off demand for automobiles, choke off demand for houses. The interviews six months from now will probably be about, ‘Have we started into a recession, are we headed for recession?’
– Dennis Hoffman, director of the L. William Seidman Research Institute and director of ASU’s Office of the University Economist
Latest news
- Valley farmland is disappearing — is that bad?
An ASU real estate expert says while agriculture was a main driver of the Valley’s economy for…
- Master's in real estate led alumnus Josiah Byrnes to lifelong career connections
Josiah Byrnes (MRED ’10), President of Embree Capital Markets Group, credits the W. P.
- Arizona community college students can pursue accounting at ASU with help from the Deloitte Foundation
ASU, with the assistance of the Deloitte Foundation, to give select Maricopa Community College…