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

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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