Wintrust Business Lunch 8/15/25: Tariff impact on prices, BLS data, small business survey, Social Security anniversary

Segment 1: Michael Miller, Economics Professor, Western Washington University and Professor Emeritus at DePaul University, joins John Williams to talk about how tariffs will impact general prices, why markets are still hitting all-time highs, when the Fed might cut interest rates, and to explain why initial labor report numbers are typically not reliable.

Segment 2: Mike Spriggs, Head of Consumer Insights at Fiserv, joins John Williams to share details from July’s Fiserv Small Business Index.

Segment 3: Ryan Gruenenfelder, Senior Advocacy Manager for AARP Illinois, tells John about the 90th anniversary of Social Security, the amount of Illinois residents that rely on Social Security benefits, and the importance of protecting the program.