Goss: South Dakota's economy sucks less due to Biden "tailwind"

Creighton University's Ernie Goss follows the economies of nine midwestern states including South Dakota's.

"The feds were raising rates, and the economy has still moved along and is improving a bit at least in manufacturing, which is what our survey said," said Goss. "But, when the federal government runs a deficit, which will be about $2.2 trillion this year, it's really hard to move lower when you've got that kind of tailwind, and that's what we've got--an economic tailwind that has shown up in our April survey of manufacturing supply managers." [Goss: April BCI continues to show mixed bag]

South Dakota is at full employment so expect inflation to edge higher in the coming months.