World Perspectives

Searching for Clues From the Federal Reserve

A rate hike resulting from this week’s Federal Reserve meeting is almost a foregone conclusion, but there is more to look for from the Fed’s actions.It will be a busy week for central banks with the U.S. Federal Reserve Bank meeting tomorrow through Wednesday and the Bank of Japan (BOJ) as well as Bank of England also holding meetings this week.The Bank of England is expected to let interest rates remain at 0.25 percent, the same level as the U.S. federal funds rate from 2008 to December 2015. Part of the reasoning behind this expectation is that the U.K. federal budget provided for only UK£3 billion in stimulus funds, an amount widely considered to be insufficient given the state of the economy. Indeed, the economy there is still reeling f...

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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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