Join us for lunch with Eller College of Management's George Hammond and Gus Faucher, chief economist at PNC Bank, as they offer analysis and insights on what to expect for the global, state, and local economics in the future.
As cross currents buffet the Arizona economy, it looks different depending on the lens used to view it. The labor market remains very tight, generating strong job gains, low unemployment rates, rapid wage increases, and a mountain of open jobs. At the same time, retail sales have begun to slow, inflation far exceeds income growth, housing affordability has plunged, and interest rates are rising.
Where are the global, national, state, and local economies headed next? Will increasingly restrictive monetary policy succeed in bringing inflation down without causing a recession? Will state and local house prices moderate? Will rising unemployment put downward pressure on wages? Will manufacturing jobs continue to grow rapidly?
About PNC Bank:
PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.
About the University of Arizona Eller College of Management:
Home to 5,800 undergraduate and 750 graduate students, the University of Arizona Eller College of Management is a comprehensive business school with a global reputation for innovative research, rigorous curriculum, a distinguished faculty, excellence in entrepreneurship and social responsibility. The College’s mission is to support and develop a community of scholar and learners whose knowledge, integrity and entrepreneurial spirit will transform business and society. For more, visit eller.arizona.edu.