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...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
