It is 30 September, the last day of the fiscal year. Congress must pass a funding bill by midnight tonight or face a government shutdown. The odds are that a shutdown is coming, given the House is in recess until tomorrow, 1 October. President Trump met with the top Congressional leadership at the White House today to try to work out an agreement, but the outcome of that is unclear. The House has a Continuing Resolution (CR) already, which keeps funding at 2024 levels through 21 November, buying time for longer term negotiations, including the Affordable Care Act insurance premium subsidies and tax credits. The Democrat position is that those payments, which expire in January, need to be part of the deal as Americans sign up for Obama...
Macro: Treasury Squeezes Yields, the Dollar Gives Way Today’s markets are offering a lesson in pressure: it rarely disappears — it simply moves. The U.S. Treasury stepped into the bond market after long-term yields surged to levels not seen in nearly two decades. By announcing plans...
Key Takeaways: With cattle supplies historically tight and packer margins deeply negative, beef processors are reducing excess slaughter capacity, with decisions over which plants to close driven by cattle availability, operating efficiency, and the ability to maintain high utilization rates...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.