Global economic growth and trade have been slower in recent years, and Steven J. Davis of the University of Chicago can tell you why.
Policy Uncertainty Global economic growth and trade have been slower in recent years, and Steven J. Davis of the University of Chicago can tell you why. He found (see NBER Working Paper No. 22740) that gross domestic product (GDP) is correlated to references of uncertainty contained in newspaper headlines in 16 countries over the past 20 years. He specifically found that economic policy uncertainty has been significantly higher over the past five years than in the prior years studied. Burdening Trade Ivory tower types at the Boston University and Georgetown University conclude that global trade...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
