Economics | Penn Today

Wharton’s Jeremy Siegel says the Fed has long way to go to slow inflation, which will keep pressure on stocks

Jeremy Siegel of the Wharton School says investors should expect more monetary tightening ahead from the Federal Reserve to combat inflation.

CNBC Closing Bell: Overtime interview with Jeremy Siegel

Jeremy Siegel of the Wharton School is interviewed on his analysis of the markets.

90% of long-haul trucking may soon be self-driving. Are you ready to share the road with an autonomous 18-wheeler?

Steve Viscelli of the School of Arts & Sciences weighed in on the rise of automation in trucking. “A self-driving truck’s job is going to be fundamentally different,” Viscelli said. “We have a ton of pent-up demand for additional transportation services, and that starts with e-commerce.”

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Q&A

How sanctions on Russia and the invasion of Ukraine affect the U.S. economy

Wharton’s Nikolai Roussanov speaks with Penn Today about the impact of the Russian invasion of Ukraine on the U.S. economy.

A Wharton expert examines cybersecurity hiring best practices

A new book by Leeza Garber of the Wharton School tackles the problem of cyber threats, with a focus on how employers can find and hire the right people.

Exchange board showing the value of the ruble against the USD and the Euro.

How economic sanctions are affecting Russia

Wharton’s Nikolai Roussanov speaks about the impact of Western sanctions on the Russian economy, as Russian citizens are seeing their purchasing power erode sharply because of the depreciation of the ruble.

Philadelphia’s high gas prices strain budgets

Susan Wachter of the Wharton School explained how rising gas prices are affecting commuters. “They move to avoid higher housing costs to farther out communities, but in doing so, they extended their commuting time. But now they're exposed to higher costs of transportation through higher prices at the gas station,” she said.

Why high gas prices fall harder on lower earners

Kent Smetters of the Wharton School said those who earn $30,000-40,000 annually spend a larger percentage of their budgets on gas than the average American. With inflation, “you’re seeing a lot of poor people—especially the rural poor driving a lot—getting hit harder,” he said.

Washington lawmakers are considering a gas tax holiday. Don’t expect that to make a big dent in what you’re paying at the pump

Estimates from the Penn Wharton Budget Model show that suspending the federal gas tax would only save consumers around $50 total during the next nine months. “It’s not very much,” said Kent Smetters of the Wharton School.

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How gig workers are managing risk during the pandemic

New research from Wharton management professor Lindsey Cameron reveals tactics that gig workers are using to mitigate health risks while managing their reputation with demanding customers during the pandemic.

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