Gas, food prices will continue to climb with ‘no end in sight,’ economics professor warns | Fox Business

With April’s inflation numbers out next week, Fox News contributor and The King’s College executive vice president of business and economics Brian Brenberg warned 40-year high consumer prices will carry on – likely to a recession. 

His comments come on expectations of a 50 basis point interest rate hike by the Federal Reserve Wednesday in a move to combat soaring inflation.

The professor cautioned decreased consumer spending motivated by increased rates will bring the economy into a recession.

Source: Gas, food prices will continue to climb with ‘no end in sight,’ economics professor warns | Fox Business

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