ADVISORY/Experts Available to Discuss Increase in U.S. Consumer Prices, Possibility of Inflation.Business Editors ADVISORY... --(BUSINESS WIRE) TOPIC: A report from the Labor Department The Department of Labor (DOL) administers federal labor laws for the Executive Branch of the federal government. Its mission is "to foster, promote, and develop the welfare of the wage earners of the United States, to improve their working states the U.S. consumer price index increased 0.5 percent in March, according to an article by Reuters. The core CPI (1) (Characters Per Inch) The measurement of the density of characters per inch on tape or paper. A printer's CPI button switches character pitch. (2) (Counts Per I , which does not consider food and energy costs, increased 0.4 percent. Experts only predicted the core CPI to increase by 0.2 percent, suggesting the possibility of core inflation and expectations for the Federal Reserve to raise interest rates. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Professor Karl Case, of Wellesley College, is a recognized national expert on real estate, housing, public finance, real estate markets and prices. He has authored several studies that attempt to isolate the causes and consequences of boom and bust In economics, the term boom and bust refers to the movement of an economy through economic cycles. The Boom-Bust economic cycle According to most economists, an economic boom is typically characterized by an increased level of economic output (GDP), a corresponding cycles and their relationship to regional economic performance. A visiting scholar at the Federal Reserve Bank of Boston The Federal Reserve Bank of Boston is responsible for the First District of the Federal Reserve, which covers Connecticut (excluding Fairfield County), Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. It is headquartered in Boston, Massachusetts. and a partner in the real estate research firm of Case Shiller Weiss Inc., he also serves as a member of the boards of directors of the Mortgage Guaranty Insurance Corp. (MGIC MGIC Mortgage Guaranty Insurance Company MGIC Montana Geographic Information Council ), Century Bank, The Lincoln Institute of Land Policy The Lincoln Institute of Land Policy is an American Non-profit organization educational institution established in 1974 to improve public knowledge and debate in regards to land policy and land-related taxation. and the New England Economic Project. Before coming to Wellesley, he directed Harvard University's undergraduate program in economics. PR Contact: Arlie Corday 781-283-3321 acorday@wellesley.edu Dr. Nicholas Perna is economic advisor to Webster Bank. In this capacity, he assists Webster in assessing Connecticut, national and international economic developments. Dr. Perna is the chief economist and managing director of Perna Associates, a consulting firm that specializes in economic analysis, forecasting and strategy. Prior to founding this company, he was chief economist for Fleet Financial Group, a position he previously held with Shawmut Bank and Connecticut National Bank. Nick has also served as economist for General Electric and the Federal Reserve Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , and the President's Council of Economic Advisors. Businessweek and The Wall Street Journal have cited him as one of the top economic forecasters in the United States. Nick received a Ph.D. in economics from the Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, and has been a faculty member at Williams College and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of University's Stern School of Business. He currently teaches a course on banking at Yale University. PR Contact: Meghan Thompson 203-578-2287 mthompson@websterbank.com Professor Paul D. McNelis, of Georgetown University, Department of Economics, is an expert regarding economics and economic development. 202-687-5573 202-687-0100 (University PR Phone) ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/. |
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