It is almost as if the Fed is looking for excuses to continue easy money policies now that inflation is in the range it targeted and employment news would otherwise indicate a solid recovery.
New Federal Reserve Chairwoman Janet Yellen is a labor economist by training. Her job is to preside over the Federal Reserve, which has a dual mandate as put forth in the 1977 Federal Reserve Act: to maintain maximum employment and stable prices. Under previous Chairman Ben Bernanke, the Fed issued a statement on meeting those goals. As for inflation, it was rather straightforward and simple with the goal of 2 percent inflation annually over the long run. Employment was a little more complex. The Fed's 2012 statement explained that the maximum level...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
