OMAHA, N.E.(KELO)- Our regional economy just had its best performance in more than a year.
That’s the finding of a monthly survey of bankers in the 10-state region.
Creighton University Economics Professor Ernie Goss calls it a good showing.
The headwinds include anticipated interest rate increases by the Federal Reserve Board.
The Fed passed on an increase this month, but is expected to consider a rate hike next month.
Goss says higher interest rates have caused farmers to pull back on buying new equipment.
Overall, the regional economy appears to be in a period of moderate growth.
Goss says the bankers have one main area of concern.
The Federal Reserve Board is expected to raises interest rates again later this year.
He says the farm economy is a bit slower because of the rate hikes that have already been made.