OMAHA, N.E.(WNAX)- While the economy in nine Mid America states continues to grow, there are some hazards ahead.

Ernie Goss, an economics professor at Creighton University in Omaha, says he expects interest rates to start rising.

Goss says inflation is becoming a real problem for many businesses.

Goss says increased federal spending will contribute to long term inflation.

Goss conducts the monthly business survey of businesses from the Dakotas and Minnesota to Arkansas.