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
- So bad it’s good: Why consumers love the worst entertainment
An ASU marketing professor's research investigates why consumers prefer bad movies, video clips…
- Why invest in ASX tech stocks?
An ASU finance expert's research study examines net wealth creation over 90 years.
- Gov. Hobbs vetoes affordable housing bill. Here's where first-time homebuyers can find hope
An ASU real estate expert discusses the complexities of affordable housing solutions in Arizona…