Federal Reserve Expected to Cut Rates in September
The Federal Reserve voted unanimously to hold interest rates unchanged at their current 5.25% – 5.5% target in July.
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Federal Reserve
Unemployment Claims Drop Sharply, Easing Labor Market Concerns
The number of Americans filing for unemployment benefits fell significantly last week, providing a boost to labor market optimism.
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Manufacturing Revival Sees Regional Discrepancies
Concerns about a decline in U.S. manufacturing might be overstated, given that the industry still boasts a quarter-million factories employing 13 million workers.
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US Manufacturing Output Beats Expectations
In June, U.S. factory production exceeded expectations, with a 0.4% increase following a revised 1.0% rise in May.
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High Interest Rates Discourage Farm Loans
Ag bankers say farmers are tapping their savings from recent boom years instead of borrowing money at what are the highest interest rates since 2007.
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Further Rate Hikes Possible Says Federal Reserve
The still-robust U.S. economy and tight labor market could mean further interest rate hikes, Federal Reserve Chair Jerome Powell said.
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U.S. Inflation Slows for Sixth Straight Month
U.S. inflation eased in December for the sixth straight month following a mid-2022 peak as the Federal Reserve aggressively raised interest rates and the economy showed signs of cooling.
Read moreStrong Farm Economy Supports Ag Credit Conditions
The outlook for profit opportunities in 2021 remained strong for most agricultural producers as commodity prices remained well above recent years.
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