economy

Will the United States go into a recession? Is the country in one now? These are questions that economists are asking. St. Cloud State Economist King Banaian joined me on WJON. He says economist don't know if a recession is happening but Banaian did highlight some concerning trends.

It was a tough week on Wall Street last week and there have been numerous reports of job cuts. St. Cloud State Economist King Banaian joined me on WJON. He explains the recent troubles with the job market isn't a sign of a recession quite yet. Banaian says the job market is weaker and slower but he's not ready to say a recession is coming.

Due to the value of the U.S. dollar St. Cloud State Economist King Banaian believes this could be a good time to travel overseas. Banaian joined me on WJON today. He says the U.S. dollar is about as strong as it's been in quite some time.

Is this 0% interest going to get extended again?

A new survey from financial advisors show 42% of Americans are pessimistic about the economy.

Every category of tax revenue was higher than expected.

The latest jobs report from the state shows Minnesota has regained 60 percent of the jobs that were lost during the COVID-19 pandemic shutdown last year.

St. Cloud State Economist and Dean, School of Public Affairs, King Banaian joined me on WJON today. He says the stock market and economy are looking good. Banaian says there is optimism with more and more people getting the Covid-19 vaccine, less likelihood of shutdowns or dial backs and warmer weather approaching.

The president of the Federal Reserve Bank of Minneapolis says getting Minnesotans vaccinated against the coronavirus will be the key to reviving the state's economy.

St. Cloud State Economist and Dean, School of Public Affairs King Banaian joined me on WJON today. He says gas prices which are around $1.90 per gallon now will likely stay the same for at least the next couple of months. He expects when the Covid-19 vaccine become more widespread available that the price will likely rise to around $2.20 a gallon.