Tag Archives: interest rates

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 federal reserve has increased interest rates, and is expected to do so again next month in its ongoing efforts to reduce inflation. Tennessee Tech College of Business Dean Thomas Payne said it will have a big economic impact, but a necessary one. He said as rates increase, the price of goods will decrease. “This is their way of attacking ... Read More »

Tennessee Tech Business College Dean Tom Payne said the interest rate increase issued by the Federal Reserve means a tough economy in the near future. Interest was increased three-quarters of a percentage point in an attempt to combat inflation. It is the sharpest height since 1994. Payne said the move will result in interest rates going up across the board, ... Read More »

It has been many years since inflation concerns have dominated the national conversation about United States Economics. That is according to Dr. Thomas Payne, the Dean of Tennessee Tech’s College of Business. Payne said the concern stems from the Federal Reserve’s aggressiveness coming out of the pandemic. Payne said the amount of money being printed without a matching increase in ... Read More »

The UCDD received the largest amount of money in the state for its revolving loan program to help local businesses. Director of Economic Development Megan Choate said they received over $5 million dollars thanks to additional CARES Act money through the Economic Development Administration. Choate said the UCDD got nearly five times more money allocated than the next highest recipient. ... Read More »