World Perspectives

Fed Report: More Growth, Less Leverage

This week, Federal Reserve Board Chairman Jerome Powell delivered the first of his twice-per-year reports to Congress in testimony before the House and Senate Banking Committees. The basic message was the economy is strong, but the current range of low interest rates may mean a loss of leverage from monetary policy as a tool should the economy go into recession. The U.S. economy is now in its 11th year of expansion since the 2008/2009 recession consistently defying predictions of its imminent demise that have been a staple of cable TV commentary for the past 10 years. Recall the double dip recession predictions in 2011/12 and the inverted yield curve anxiety in 2019? Nonetheless, from a monetary policy standpoint, there is one major diffe...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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