The M2 money supply for January decreased for the second consecutive month. M2 is the amount of cash, held by banks, travelers’ checks, savings deposits, and retail money market accounts; in short it is the liquid money in the economy and used as a measure of money stocks. During the 2020 COVID pandemic and into 2021, relief payments made M2 explode. In February of 2021, M2 grew 27 percent. Today’s report showed that M2 contracted 1.7 percent from its year ago level; this follows December’s 1.12 percent year-over-year drop. Today’s report signaled the largest decline and the only consecutive month decline since records began in 1959. Couple this with higher interest rates which are increasing the...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
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...
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.