The Federal Open Market Committee (FOMC) will meet this month to discuss the next step in monetary policy. As it stands now, the Federal Fund Futures market is pricing in only a 7 percent chance of an increase in the federal funds rate above its current 5.25 to 5.50 percent target rate. This is down from a 22 percent expected chance in late August and from the day after its last meeting on 26 July.
Here are some of the key economic indicators leading into the September meeting. Nonfarm payrolls rose 187,000 in August while civilian employment, an alternative benchmark that includes small-business start-ups, increased 222,000. Despite this growth, there were downward revisions to June and July which reduced job growth b...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
