CRER Research Fellow Bento Lobo sat down with Dan Wurmlinger of NewsChannel 9 to talk about the reactions of financial markets to the election as well as the impact of the election on the broader economy. Lobo is also the UC Foundation Professor and First Tennessee Bank Distinguished Professor of Finance in the Rollins College…
11/13/2024: Fall Forecast of the Chattanooga MSA Economy
The CRER has released its latest forecast of quarterly job growth in the Chattanooga MSA through 2025. Major changes at the national level since the previous forecast include a general election and two rounds of interest rate cuts by the Federal Reserve. Although forecasters are slightly more optimistic about US GDP in 2025, they are…
11/12/2024: Tennessee Considers Eliminating its Grocery Tax
CRER Chief Economist and Director Howard Wall appeared on News Channel 9 to give his two cents on a proposal to eliminate the 4 percent grocery tax levied by the state of Tennessee. His argument was that the state has a fairly efficient tax system with a broad tax base that allows it to have…
11/7/2024: Fed Cuts Interest Rate for the Second Time This Year
CRER Research Scholar Dr Bento Lobo was interviewed on Channel 3 about the latest rate cut by the Federal Reserve. “Well, the message from the Fed right now is that the economy appears to be in good shape,” says Lobo. “Inflation is under control, and lowering rates is unlikely to fuel greater inflation at this…
11/7/2024: The Geography and Demographics of the Chattanooga Jobs Boom
Previous CRER research described how employment growth in the Chattanooga metro area from 2014 to 2022 was spread across demographic groups. This paper extends that research by comparing the effects across parts of the metro area and across demographic groups within each part. For most categories, the changes in the city of Chattanooga differ from…