Cactus

61st Annual
ASU/PNC Bank Economic Forecast Luncheon

The longest-running, most trusted economic forecasting event in the Valley.

When:

Wednesday, November 13, 2024 at 11:15 a.m. – 1:30 p.m. (Arizona time)

Where:

Sheraton Phoenix Downtown Hotel

Ticket prices:

In Person: $185/person | $1,450/table of 10
Virtual: $75/person | $700/group of 10

Sponsored by:

PNC Logo

The Program

 

The economic outlook for 2025 has suddenly become more uncertain. While inflation may be under control in the U.S., recent labor market data has brought back the possibility of a recession.

Several factors make a clear prognosis difficult: a close presidential race with candidates who espouse very different economic policies, uncertainty in the technology sector, commercial real estate issues, the continuing Russian war in Ukraine, the conflict in Gaza and the instability in the Middle East, and unprecedented climatic phenomena. Still, Arizona appears positioned for significant growth led by technology investments.

Join us at this year’s luncheon, where top national and regional experts will present their economic forecasts and advice on these issues and more.

Gustavo Ventura W. P. Carey School of Business

Gustavo Ventura

Keynote Address


Professor of Economics 
W. P. Carey School of Business 
Arizona State University 


Gustavo Ventura joined the faculty of the W. P. Carey School of Business in 2011. He was the Chair of the Department from 2014 to 2021.

Prior to joining ASU, Gustavo was a faculty member at the University of Iowa, Pennsylvania State University and the University of Western Ontario. He received his PhD in Economics from the University of Illinois at Urbana-Champaign.

Professor Ventura is a macroeconomist, and concentrates his research in topics such as taxation, economic development and the determinants of inequality. He has published his academic work in leading journals such as the American Economic Review, the Review of Economic Studies, Econometrica, the Journal of Monetary Economics and the Review of Economic Dynamics.  

Professor Ventura is married and is the father of two children. He was born in Argentina and he is an unreconstructed fan of Boca Juniors. 

Daniel Brady

Daniel J. Brady

Outlook for the U.S. Economy


Managing Director, Investment Strategy
AMG Investment Office
PNC Bank
 

Dan is a managing director for the Investment Strategy team. In this role he contributes to all investment strategy related activities for PNC Institutional Asset Management®, PNC Private Bank℠, PNC Private Bank Hawthorn® business lines. In addition, he provides recommendations for overall strategic and tactical asset allocation guidance of client portfolios and provides thought leadership on key investment issues. Dan also performs research and analysis that support the Bank's overall investment process. 

Dan serves as a voting member of the Asset Management Group & Institutional Asset Management Investment Policy, and Investment Advisor Research committees. He is also a PNC-certified Women’s Business Advocate. 

Prior to joining PNC, Dan was a consultant at Clearstead, providing institutional investment advice to endowments, foundations and retirement plans. During his tenure, he was an active member of the firm’s retirement plan committee and was involved in developing the firm’s pension indicator tool. Before his time at Clearstead, he was a Senior Portfolio Associate at the Glenmede Trust Company where he assisted portfolio managers in a holistic approach to wealth management and financial planning. 

Dan graduated with a Bachelor of Arts in economics from The Ohio State University. He is very active in his community and is a member of the Society of American Baseball Research.

Dennis L. Hoffman

Dennis L. Hoffman

Outlook for the Regional and Metro Economy


Director for the Center for Competitiveness and Prosperity Research and Economics Professor, L. William Seidman Research Institute
Arizona State University
 
Dennis L. Hoffman is a Professor of Economics at Arizona State University where he has published numerous academic articles and a book in the area of macroeconomics and econometrics. He has received both teaching and research awards from ASU. He received the Distinguished Faculty Research Award in 1992 and has held the title of Dean’s Council of 100 Distinguished Scholar since 1996. He served as a visiting research scholar at the Federal Reserve Bank of St. Louis during the summer of 1996. In 1997, Dr. Hoffman was named the Arizona Professor of the Year by the Carnegie Foundation. In addition to numerous internal research grants, Dr. Hoffman served as a PI for a grant from the National Science Foundation in 1988 and as a co-PI on a grant from the Social Security Administration in 2023. 
 
In addition to his academic appointment, Dr. Hoffman has held several administrative appointments; Associate Dean for Graduate Programs, 1998-2004, Associate Dean for Research; 2004-2008, and Director of the Seidman Research Institute, 2004-2024. Dr. Hoffman is also director of ASU’s Office of the University Economist, 2005-present. 
 
In his role as University Economist, Dr. Hoffman is responsible for the production of policy white papers with regional, education, fiscal, and labor market emphasis. This work is supported directly by the Office of University President Michael Crow. 
 
Dr. Hoffman's sponsored project efforts include the construction and maintenance of the tax revenue forecasting model used by the Executive Budget Office of the State of Arizona each year since 1982 – serving 8 different Governors. Dr. Hoffman headed groups of economists who measured the economic impact of several fiscal initiatives for the State of Arizona in 1989 and in 1990. The 1989 study was commissioned by Governor Mofford as an input to fiscal initiatives that were contained in her State of the State speech in 1989. The 1990 study was requested by the Joint Select Committee on Fiscal Reform of the Arizona Legislature. In 1996 Dr. Hoffman was appointed to the Joint Select Committee on Economic Incentives of the Arizona Legislature. He also served as technical advisor for Governor Napolitano’s citizen’s fiscal reform committee (2004). At the Governor’s request Dr. Hoffman served on the Board of the Arizona State Retirement System (ASRS) from 2012-2017. 
 
Dr. Hoffman has closely studied the regional economy in Arizona. His extensive experience with the state and local economy positions him for his current research interests that include defining and measuring the role of research universities in regional development, quantifying the value of education investments to the economic prosperity of a region, and measuring the impact of various fiscal initiatives on regional development. These current research interests align with Dr. Hoffman’s administrative assignment, Director of the Office of the University Economist, undertaken as a strategic university initiative at the direction of Arizona State University President Michael Crow. Dr. Hoffman is the faculty director of the Center for Competitiveness and Prosperity Research where he directs the Productivity and Prosperity Project http://economist.asu.edu.

All funds will be deposited with the ASU Foundation for a New American University, a nonprofit organization that exists to support Arizona State University (ASU). Gifts in support of ASU are subject to foundation policies and fees. Due to the fair market value of benefits received, only payments in excess of fair market value may be considered a charitable contribution. Please consult your tax advisor regarding the deductibility of charitable contributions.

Questions? Contact us.

480.965.3532
asuefl@asu.edu