There was some expectation that the Federal Reserve Board would address the federal funds rate in a more aggressive manner than it did, but the official word was that the committee will assess both realized and expected progress toward its objectives of maximum employment and 2 percent inflation.The Federal Reserve's Federal Open Market Committee meeting of 17-18 June concluded at a press conference with new Chairwoman Janet Yellen that barely had any news at all as there were only subtle differences from the meeting's written report. The Federal Reserve's official statement included the following:To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that a highly accommodative...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
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.