While Congress was busying piecing together a fiscal policy deal on the budget and taxes, the Federal Reserve moved to raise interest rates for the first time in nearly a decade. One method of determining what lies ahead is to look to the market.
While Congress was busying piecing together a fiscal policy deal on the budget and taxes, the Federal Reserve moved to raise interest rates for the first time in nearly a decade. Of note, this is the first time in seven years that the Fed has moved away from its near-zero federal funds rate peg. Additionally, the Federal Open Market Committee (FOMC) decision to increase interest rates was unanimous. Although the hike was modest, moving from the 0.00-0.25 percent range to 0.25-0.50, it is the fi...
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...
