World Perspectives
energy

Federal Reserve Stays the Course

With all the hubbub over record crop prices and food inflation, we almost forgot to check in on the Federal Reserve's Wednesday meeting where the Federal Open Market Committee (FMOC) did nothing but stay the course. The Fed decided to keep the target for the federal funds rate at 0-0.25 percent until late 2014. The federal funds rate has effectively been zero since mid-2008 -- that would be six-and-a-half years. According to the Fed: Information received since the Federal Open Market Committee met in June suggests that economic activity decelerated somewhat over the first half of this year. Growth in employment has been slow in recent months, and the unemployment rate remains elevated. Business fixed investment has continued to advance...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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