Articles tagged under: interest rates
A More Cautious Approach to Interest Rates
Published January 9, 2025
The Federal Open Market Committee has released the minutes from its December meeting when it made a quarter-point interest rate cut. Fed officials said a more cautious approach will be taken for future interest rate decisions. The officials also cited…Patience Needed for Interest Rates
Published November 30, 2024
Interest rates have come down, but it will take time for those effects to be felt on the farm. "We went from three to four percent farm level interest rates up to seven percent and now we're coming down from…Rate Cut
Published November 8, 2024
The Federal Reserve Open Market Committee approved a quarter-percent interest rate cut. The benchmark federal funds rate is now in the range of 4.5 percent and 4.75 percent. Fed Chair Jerome Powell said inflation can continue heading lower with a…Modest Rate Cuts on Horizon
Published October 2, 2024
After cutting the federal interest rate by a half percentage point in September, Federal Reserve Chair Jerome Powell does not see a reason to be as aggressive going forward. Powell said the economy is in solid shape and that a…Interest Rate Decision This Week
Published September 14, 2024
The Federal Open Market Committee is meeting Tuesday and Wednesday. A .25 interest rate cut is expected. The announcement will be made on Wednesday at 1 PM.Farm Expenses Continue to Rise
Published July 29, 2024
Total farm production expenditures totaled $482 billion in 2023, up 6.5 percent from 2022. On a per-farm basis, farm expenditures were just over $255,000. Feed is the largest production expense, representing nearly 17 percent of farm expenditures last year. In…Economic Concerns Creep Into the Conversation
Published July 15, 2024
Grain prices have slumped to levels not seen since December 2020. That scenario has caused some anxiety in farm country. "We're sensing that," said North Dakota Agriculture Commissioner Doug Goehring."They're a little concerned that they may have to have a bumper…Interest Rates and Input Costs Remain a Worry
Published July 7, 2024
According to the latest Purdue University/CME Group Ag Economy Barometer, farmer attitudes are drifting lower. "The barometer did drift a little lower this month," said James Mintert, director, Purdue Center for Commercial Agriculture. "People became a little less optimistic about…Interest Rates Left Alone
Published June 14, 2024
In a statement after its two-day policy meeting, Federal Reserve officials kept its key benchmark interest rate unchanged. The Fed also reduced its interest rate cut forecast.