With the Federal Open Market Committee meeting today and tomorrow, Fed watchers will be looking for news on interest rates and the Fed’s balance sheet while continuing to wonder who the new members will be next year.
The Federal Open Market Committee (FOMC) convened its September meeting today, which will run through tomorrow. This is the sixth of eight such regular meetings each year. Four of them conclude with a post-meeting press conference and release of the FOMC’s Summary of Economic Projections as well as the so-called dot-plot. The latter is a chart with dots that each represent a Fed member’s view on where the federal funds rate should be at the end of the current and following years. This month’s is one o...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
