Don’t get your hopes up on GDP growth in third quarter

Cornell University economist Steven C. Kyle, is an expert in macroeconomics and government policy, he says forecasts that predict 2.5 percent GDP growth for the third quarter are overestimating the strength of the U.S. economy. Kyle will be available to comment on the U.S. Commerce Department’s Bureau of Economic Analysis preliminary estimation of the country’s […]

Perception of rate hike already priced into the market

The Federal Reserve could raise interest rates in December or early 2016, which would be the first rate hike in many years. Steven C. Kyle, an economics professor at Cornell’s Dyson School of Applied Economics and Management, says that while the Fed has reasons not to change interest rates, the mounting expectation of a raise […]

Cornell economist available to comment on Friday’s jobs report 

On Friday morning, the U.S. Bureau of Labor Statistics will release its monthly report on the state of manufacturing and labor. Cornell economist Steven C. Kyle will be available to comment on the report. Steven C. Kyle, an expert in macroeconomics and government policy, is an economics professor at Cornell’s Dyson School of Applied Economics and Management. […]

Political talk on Export-Import Bank needs a reality check

House members from both the Republican and Democrat party are sponsoring a bill to re-open the Export-Import Bank, a federal lending institution that subsidizes American exports. While the trade bank’s mandate is to help American businesses face a global economy, critics say its practices mainly boost multi-national corporations.  Steven C. Kyle, an expert in macroeconomics […]

Chinese market volatility a negative for US ag exports

Steven C. Kyle, an expert in macroeconomics and government policy and an economics professor at Cornell’s Dyson School of Applied Economics and Management, says the depreciating exchange rate in China has made Chinese exports more competitive here and U.S. exports less competitive there.  Kyle says: “While the stock market moves are rather nerve wracking and […]