Federal Reserve

In this week’s Economic Report, Dr. Rick Harper talks about the first quarter Gross Domestic Product report, the Federal Reserve’s decision to hold interest rates, and growth in both Navarre Beach and downtown Pensacola.

 

The GDP report was released this week and reports that the U.S. economy’s annual growth slowed to just 0.5 percent in the first three months of 2016.

 

“It’s disappointing,” Harper said. “Half a percent is not in the range we’d like to see.”

 

WUWF Public Media

 

In this week’s Economic Report, Dr. Rick Harper discusses a recent column by Haas Center Director Zach Jenkins, which looks at affordable housing for low-income families and what factors are affecting the rise in the cost of renting versus buying.

 

Harper said the issue is something the Haas Center has been following for quite some time and that Jenkins’ piece focuses on families who rent – and the findings are discouraging.

 

WUWF Public Media

In this week’s Economic Report, Dr. Rick Harper talks about the recession fears in the U.S., the volatility of world markets and a rise in the housing market.

The Federal Reserve’s acknowledgement of an economic downturn in financial markets at the end of 2015, despite a recovering jobs market is a concern for many, but there’s no reason to worry yet, according to Harper.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses the decision by the Federal Reserve to raise interest rates for the first time in nearly a decade.

Harper called the increase in the interest rate of a quarter of a percentage point “good news,” noting the Fed tracked the economy carefully and is responsible for maintaining both full employment and a low and stable price level nationally.

  In this week’s Economic Report, Dr. Rick Harper discusses what the slight rise in unemployment claims means for the economy and the possible changes to the state’s short sell mortgage laws.

 

The Dec. 5 unemployment claims are in, and the state’s initial claims have risen to their highest point in five months – up 13,000 to 282,000. But Harper says that’s no cause for alarm. Depending upon when the month ends, where Thanksgiving falls and where Christmas spending begins, the reports can be volatile from week to week.

 

 

  In this week’s Economic Report, Dr. Rick Harper discusses what the increase in Thanksgiving weekend retail spending means for Florida, the possibility of increased short-term interest rates, and Gov. Rick Scott’s proposal to create an economic development war chest.

 

Holiday shopping has begun. Coming out of what is traditionally the biggest retail weekend of the year, spending saw an increase over last year, but a modest one, Harper said.

 

 

   In this week’s Economic Report, Dr. Rick Harper discusses federal interest rates, gas prices and a recent Triumph Gulf Coast Inc. board of directors meeting in Miramar Beach.

As predicted, members of the Open Market Committee of the Federal Reserve decided to keep interest rates the same.

 

In this week’s Economic Report, Dr. Rick Harper discusses the latest retail sales report, Federal Reserve Chair Janet Yellen’s testimony this before Congress, and plans for a new University of West Florida Center for Entrepreneurship.

In this week’s Economic Report, Dr. Rick Harper discusses the latest from the U.S. Federal Reserve and other important economic indicators.

The Federal Open Market Committee met this week, as it does every six weeks.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses the start of spring break, the latest job growth and unemployment statistics, and “stress tests” for the nation’s biggest banks.

Across northwest Florida, Panama City has the strongest spring break season.

Even though students spending their spring break on area beaches this week have more fog than sun, Harper says economic indicators are pointing to a good spring break period across the board.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses the economic outlook for 2015.

“There’s, hopefully, a lot of good things in store,” said Harper.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses Navy Federal Credit Union’s official announcement regarding plans to continue expanding its operations in Pensacola, bringing 5,000 new jobs and $350 million in capital investment to the region by 2026.

“It’s great news for the economy, probably $400 million a year in economic impact from the payroll in both direct employment, plus the ripple effect,” says Harper.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper begins with the latest from Federal Reserve Chairwoman Janet Yellen.

On Wednesday, Yellen announced that the Fed will continue its current monetary policy, cutting its monthly bond purchases by another $10 billion per month and keeping its key federal funds rate near zero. Further, she told a news conference that inflation was expected to move gradually back to the central bank's 2 percent target.

Uiniversity of West Florida

Time now for our weekly review of the region’s economy with Dr. Rick Harper – Director of the UWF Office of Economic Development and Engagement, and advisor to the Florida Senate.

Interview Highlights:

University of West Florida

In this week’s Economic Report, Dr. Rick Harper reflects on the latest comments by Janet Yellen, Chair of the Federal Reserve.  Yellen says there’s still a need to boost the nation’s job market, with a continuation of low interest rates until it improves.

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