Appeals Court Strikes Down EPA’s Denial of SREs
*Please Note – Bob Lane was out of the office today and will return on Tuesday, November 28, 2023.
On November 22, a U.S. appeals court struck down a decision...
The U.S. Federal Reserve stopped short of another rate hike last week, taking a wait-and-see approach to monetary policy. Though fluid, economic indicators point to a soft landing, as the economy continues to outperform expectations despite historic inflation. This is good news for organic animal protein markets, and associated feed markets.
The U.S. Federal Reserve originally projected rate cuts to occur in 2024, and if so, these will be nominal cuts to the current 5.25-5.50 percent policy rate. Inflation remains well away from the target two-percent rate, but the fact that unemployment figures have remained so low despite routine rate hikes reveals a lot about the resiliency of the current economy.