DC, Baltimore among cities impacted most by inflation

Published By Categorized as Interviews

WASHINGTON – A new study by WalletHub says the D.C. and Baltimore regions are seeing some of the highest levels of inflation.

The D.C./Arlington/Alexandria region is ranked 21 nationwide while the Baltimore/Columbia/Towson region is fifth.

FOX 5 spoke to financial expert Dan Varroney, President & CEO of Potomac Core Consulting, who said he doesn’t expect inflation to ease any time this year. He said he also anticipates the Federal Reserve will again raise interest rates in November or December.

“I’m going to tell you that has implications for all of your viewers in terms of what they’re going to pay on their credit card interest fees, what people will pay for home loans and what people will pay for automobile loans,” Varroney said. “So right now we’re looking at high costs through the end of the year and this would get into next year. I don’t think that inflation is going to get under control anytime soon.”

Watch Dan’s interview

By Dan Varroney

3 decades of experience working with multiple Industries and understanding different Association challenges by helping build strategies that add long term value. Comprehensive understanding of Associations, as Senior Vice President for the National Association of Manufacturers’ National Membership & Grass Roots operation, as President of the American Solutions Advocacy organization, & as President and CEO of the Association for Corporate Growth. Considerable background on impact of legislative and regulatory policy on Industries, has provided analysis on economic performance and M&A trends in outlets that include CNBC, CNBC Europe, Fox News, Fox Business, Dow Jones Marketwatch, Bloomberg, and the BBC. Strategic perspectives are frequently sought out by CEO Update, a leading source for Association news and information. Authored over 145 blog articles on Strategic Planning & Member Engagement. Facilitates knowledge sharing among forty -five Association CEO’s at the Growth Strategies & Member Engagement Forum.  Served as a member of the Prince William County, Virginia Strategic Business Planning Team. District Three Councilman in the Village of Palatine, Cook County, Illinois, twenty one years. B.A. in American History from the Catholic University of America, Washington D.C. and earned a Certificate from the Yale School of Management, New Haven, Connecticut in Leadership and Team Effectiveness. Member of the American Society of Association Executives (ASAE).