World Perspectives

Outlook for the Fed Meeting This Week

The Federal Reserve’s Federal Open Market Committee (FOMC) will meet on Tuesday and Wednesday of this week with the make-up of the committee still up in the air. Governor Lisa Cook is questionable regarding her attendance after President Trump has sought her to ouster her on mortgage fraud allegations. Likewise, Stephan Miran, currently a White House economic aide, nominated for the Fed by Trump is uncertain as his confirmation vote might not take place in time for the meeting. Some of this could be settled by this evening as the Senate has pledged to vote on his confirmation, but it is not certain. Typically, 12 officials vote on Fed policies – seven Governors and five regional bank presidents, including 11 of the 12 Fed distri...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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