Tag Archives: Inflation

Economists are in a tough spot trying to get inflation under control, according to a Tennessee Tech Lecturer, because of the “sticky wage, sticky price effect.” Federal Reserve Chair Jerome Powell admitted last week that there has been little progress in stabilizing inflation. Tech Economics Lecturer Chelsea Dowell said typically, as prices rise, wages rise with them. During this round ... Read More »

Volunteer Energy Cooperative will raise its rates for the first time since 2005 as the company works to combat the rising prices of maintenance and materials. VEC Crossville and Monterey Service Area Manager Kevin Hembree said the residential customer flat rate charge will increase by $5.25, taking the price from $11.77 to $17. That rate is not impacted by energy ... Read More »

The Overton County Commission approved an application Monday night for a $750,000 housing development grant to assist homeowners in the county. Consultant Amanda Mainord said that the county applied for the grant last year but did not receive it. Mainord said the grant would require no matching payment from the county. “It goes to help homeowner-occupied low-income, disabled, elderly, families ... Read More »

Celina Aldermen raised the cost for all new water taps installed to account for inflation Tuesday night. The new fees will cost $1,500 for a water tap inside the city and $2,000 for one outside the city, increases of $500. Mayor Luke Collins said the city was losing money every time it installed a tap. “This puts us at a ... Read More »

Creating a personal budget is a great way to make sure that you are saving as much as you can going into the new year. Putnam County Extension Agent Michelle Parrott said saving any amount of money is valuable, no matter how little. Parrott said a key part of budgeting is getting a strong understanding of your income and spending ... Read More »

Last week’s stock market rally could continue through early 2024 after the Federal Reserve announced that interest rates may begin to cool. Tennessee Tech Economics and Finance Professor Justin Lee said investors are growing optimistic and more willing to buy. He said that after sky-high interest rates have pressured them to be conservative, reports of lower rates have drawn investors ... Read More »

The Fentress County Chamber of Commerce is holding a food drive to help ease the burden of winter weather. Fentress County Chamber Executive Director Jacob Rosenbaum said the elderly community is often most susceptible to the challenges of the changing seasons. Rosenbaum said the Chamber and the community are helping the Fentress County Food Bank feed those in need through ... Read More »

The Cumberland Homesteads Tower Museum will get a new roof, thanks to a $100,000 grant from the Tennessee State Museum. Museum Manager Ren Sexton said the roof has been susceptible to leaks over the past few years, but the museum did not have the funds to replace it. Sexton said that like all old historical buildings, the problem will only ... Read More »

The Federal Reserve decided to pause interest rate hikes Wednesday, the first time it has done so over the last ten times it has met. Tennessee Tech College of Business Dean Tom Payne said that indicates the Fed’s desire to prevent accidentally overtightening. He said as the nation approaches a year under historic inflation conditions, the Fed is only just ... Read More »

Rising costs of autopsies could have an effect on the Putnam County EMS budget. Putnam County Coroner and EMS Director Tommy Copeland said inflation is to blame. He said there has been about a 25 percent increase in the past year. “The folks that do our autopsies in Nashville have increased the cost to $2300 each for us,” Copeland said. ... Read More »