An ag economist says there was a tone shift from the Federal Reserve after it held interest rates steady for a third consecutive month. David Widmar, with Agricultural Economic Insights, says there have been some gains in the battle against inflation. “And then they signaled the possibility of three rate declines for 2024,” he says.
He says he’ll continue to monitor long-term interest rates in the new year. “Long-term interest rates are more impactful on the farm economy than those fed short-term rates,” he says.
