Jerome Powell spoke at a conference last week in Washington, DC. The event was one week after the Fed increased the federal funds interest rate target by a quarter point to 2-2.25 percent at its monthly meeting. According to post-meeting notes, the Fed is likely to approve one more hike in 2018, probably in December. Interviewed during a panel session (with journalist Judy Woodruff of PBS) at the conference, the Fed chairman added some more context to the central bank’s perspective, citing the following:
“The really extremely accommodative low interest rates that we needed when the economy was quite weak, we don't need those anymore." “Interest rates are still accommodative, but we're gradually moving to a place where...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
