Federal Reserve holds interest rates steady
The Fed announced it's leaving interest rates unchanged for now. It comes as the central bank is projecting fewer cuts for 2024, despite cooling inflation.
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The Fed announced it's leaving interest rates unchanged for now. It comes as the central bank is projecting fewer cuts for 2024, despite cooling inflation.
We weren’t expecting much from this month’s WASDE report, and those expectations turned out to be correct. Allendale commodity broker Greg McBride said this was a very neutral report. However, McBride said that this neutral report does not change the issues we’ll face down the road with the ending stocks for corn and soybeans. McBride […]
What is the Fed's interest rate? Is the U.S. economy headed in the right direction? When will the Fed cut interest rates? Read more
It’s been yet another week of dry weather in South America. We’ll see later this week if the USDA or CONAB adjust their projections based on this. Allendale commodity broker Greg McBride gave an update on the latest weather conditions. There’s going to be some rain in Argentina, but McBride said the forecast is still […]
As was widely expected, the Federal Reserve left its benchmark interest rate unchanged for its seventh meeting in a row on Wednesday.