FOR YOU AND THE HOURLY PLANNER THAT CAN HELP YOU FIGURE OUT WHEN IT’S SAFE TO HEAD OUT A NEW CREIGHTON ECONOMIC STUDY SHOWS A MIXED BAG. RIGHT NOW, THE ECONOMY IS IN A SLOWDOWN, BUT INFLATION HAS GONE DOWN TO KETV NEWSWATCH 7. MADISON PERALES HELPS YOU GET THE FACTS ABOUT THESE NEW FINDINGS AND HOW YOU CAN PREPARE YOUR BANK ACCOUNT FOR THE HOLIDAYS. MADISON IS HERE IN THE STUDIO, HOPEFULLY WITH SOME GOOD NEWS. ROB. JULIE. ACCORDING TO THE STUDY, WHOLESALE SPENDING, INFLATION OR THE PRICE BUSINESSES PAY FOR GOODS AND MATERIALS WENT DOWN ABOUT THREE POINTS AND THAT COULD MEAN LOWER PRICES FOR YOU AT THE CHECKOUT COUNTER. BUT EXPERTS SAY THERE ARE PROS AND CONS TO THESE NUMBERS. DOCTOR ERNIE GOSS TELLS ME OUR NATION’S ECONOMY HAS ONE HAND IN THE FRIDGE AND THE OTHER IN THE FIREPLACE. YOU KNOW, THE REFRIGERATOR, OF COURSE, IS THE IS THE ECONOMY SLOWING DOWN THE FIREPLACE? THAT’S THE INFLATION. AND THE FED IS SITTING THERE LOOKING LIKE, WELL, WHAT THE HECK ARE WE GOING TO DO? HE SAYS AN EFFORT TO ADDRESS THIS, THE FEDS WILL CUT INTEREST RATES FROM 7% TO 6.75. YOU’RE TALKING ABOUT SHORT TERM FIXES FOR A LONG TERM PROBLEM, AND SOMETIMES YOU HAVE TO TAKE YOUR MEDICINE. THE STUDY FOUND THE MANUFACTURING AND AG INDUSTRY IS TAKING A BIG HIT. JOB LOSSES, SLOWING MANUFACTURING ECONOMY, TARIFFS, EXPORTS AND IMPORTS ARE BOTH DOWN. AND THAT’S SPILLING OVER INTO THE BROADER ECONOMY. WHICH LEADS US TO WHERE WE’RE AT NOW. WE COULD BE IN A RECESSION RIGHT WE’RE DEFINITELY IN AN ECONOMIC SLOWDOWN. AND THE PROBLEM IS WITH THIS SLOWDOWN, YOU’VE GOT TOO MUCH INFLATION AND TOO MUCH OF A SLOWDOWN. GOSS SAYS WHILE HE ANTICIPATES HOUSING TO GET MORE AFFORDABLE, COSTS MIGHT SKYROCKET IN NEBRASKA AND ACROSS THE NATION. WE’RE GOING TO SEE ELECTRICITY COSTS GOING UP. THIS INFLATION IS HURTING PARTICULARLY LOWER INCOME FAMILIES AND INDIVIDUALS. ON THE FLIP SIDE, HIGHER INCOME INDIVIDUALS AND FAMILIES NOT AS MUCH. DOCTOR GOSS SAYS ONE OF THE WAYS PEOPLE CAN HELP KEEP THE ECONOMY THRIVING IS TO LEAN INTO LOCAL SHOPPING, LIKE HERE AT THE URBAN AGGIE, WHERE YOU CAN BUY A PERFECT CHRISTMAS GIFT FOR A FAMILY MEMBER DURING THE HOLIDAYS. YOU HAVE A BIGGER IMPACT IN THAT STORE THAN YOU’RE GOING TO HAVE IN AMAZON OR A BIG BOX STORE. WE CAN FEEL IT. WE CAN SEE IT. IT FUELS OUR STAFFING, SHOPPING ST PAUL COULD ALSO BE A LITTLE MORE FUN. THERE’S UNIQUE THINGS, AND URBAN ABBY’S DEBRA MCKNIGHT SAYS THE TARIFFS HAVE MADE IT HARD ON THEIR STOREFRONT. GOSPER BELIEVES THE GOVERNMENT COULD HELP LOWER COSTS FOR YOU AND YOUR FAVORITE LOCAL SHOP. I THINK WE COULD GET BACK FAIRLY QUICKLY, BUT I DON’T SEE THAT HAPPENING, GOSS SAYS. IT WILL BECOME MORE COMMON FOR PEOPLE TO SHRINK THEIR SPENDING, BUT ADDS ONE WAY TO COMBAT THIS IS TO INCREASE ASSETS. IF THAT’S POSSIBLE. OTHERWISE, WE’LL HAVE TO SEE WHAT COMES OF INTERES
GTF: Creighton study shows lower inflation rates, but it comes at a price
Updated: 7:23 PM CST Dec 1, 2025
Right now, the economy’s in a slowdown, but inflation has gone down too, according to a new Creighton economic study.Ernie Goss said our nation’s economy has one hand in the fridge and the other in the fireplace.“The refrigerator, of course, is the economy slowing down. The fireplace? That’s the inflation,” Goss, Creighton economic expert, said. “The Fed is sitting there looking like, ‘What the heck are we going to do?”He said in an effort to address this, the Federal Reserve will cut interest rates from 7% to 6.75%.READ MORE: Heartland harvest underscores difficulties ahead for Nebraska farmersThe study found the manufacturing and agriculture industries are taking a big hit. “Job losses, slowing manufacturing economy, tariffs, exports and imports are both down. And that’s spilling over into the broader economy,” Goss said.Which leads us to where we’re at now. “We could be in a recession right now. We’re definitely in an economic slowdown,” Goss said. “The problem is, with this slowdown, you’ve got too much inflation and too much of a slowdown.”Goss said while he anticipates housing to be more affordable, other costs might skyrocket. “In Nebraska and across the nation, we’re going to see electricity costs going up,” he said. “This inflation is hurting particularly lower-income families and individuals. On the flip side, higher-income individuals and families, not as much.”Goss said one of the ways people can help keep the economy thriving is to lean into local shopping, like at the Urban Abbey, where you can buy a perfect Christmas gift for a family member during the holidays.“You have a bigger impact in that store than you’re going to have at Amazon or a big box store,” Urban Abbey’s founding pastor Debra McKnight said. “We can feel it. We can see it. It fuels our staffing.”READ MORE: Warren Buffett calls tariffs an ‘act of war,’ discusses how they could impact inflation during TV interviewMcKnight said the tariffs have made it hard on their storefront. Goss believes the government could help lower costs for stores like Urban Abbey and for you.“We could get back fairly quickly, I think, but I don’t see that happening,” Goss said.NAVIGATE: Home | Weather | Local News | National | Sports | Newscasts on demand |
, Neb. —
Right now, the economy’s in a slowdown, but inflation has gone down too, according to a new Creighton economic study.
Ernie Goss said our nation’s economy has one hand in the fridge and the other in the fireplace.
“The refrigerator, of course, is the economy slowing down. The fireplace? That’s the inflation,” Goss, Creighton economic expert, said. “The Fed is sitting there looking like, ‘What the heck are we going to do?”
He said in an effort to address this, the Federal Reserve will cut interest rates from 7% to 6.75%.
READ MORE: Heartland harvest underscores difficulties ahead for Nebraska farmers
The study found the manufacturing and agriculture industries are taking a big hit.
“Job losses, slowing manufacturing economy, tariffs, exports and imports are both down. And that’s spilling over into the broader economy,” Goss said.
Which leads us to where we’re at now.
“We could be in a recession right now. We’re definitely in an economic slowdown,” Goss said. “The problem is, with this slowdown, you’ve got too much inflation and too much of a slowdown.”
Goss said while he anticipates housing to be more affordable, other costs might skyrocket.
“In Nebraska and across the nation, we’re going to see electricity costs going up,” he said. “This inflation is hurting particularly lower-income families and individuals. On the flip side, higher-income individuals and families, not as much.”
Goss said one of the ways people can help keep the economy thriving is to lean into local shopping, like at the Urban Abbey, where you can buy a perfect Christmas gift for a family member during the holidays.
“You have a bigger impact in that store than you’re going to have at Amazon or a big box store,” Urban Abbey’s founding pastor Debra McKnight said. “We can feel it. We can see it. It fuels our staffing.”
McKnight said the tariffs have made it hard on their storefront. Goss believes the government could help lower costs for stores like Urban Abbey and for you.
“We could get back fairly quickly, I think, but I don’t see that happening,” Goss said.
NAVIGATE: Home | Weather | Local News | National | Sports | Newscasts on demand |