The Fed will pause rate hikes and hold steady, according to economists

The ag sector and the markets have been hit hard over the last year as the Fed ramped up its rate hike campaign, but one economist says the Fed will likely wait to see if more are needed.

Brian Briggeman, a former economist with the Kansas State Fed, tells Brownfield Ag News that he expects the Fed to hold off on a rate increase when they meet next week. While he would like to see a 25 basis point hike, he believes the Fed will pause the increases and hold steady for a while.

Briggeman says right now, farmers need to focus on business fundamentals and see if they can absorb the higher costs of borrowing.

Related Stories
It would allow the State Attorney General to issue subpoenas while investigating land ownership, and would also stiffen punishments for foreign entities that do not file with the state, or who submit false reports.
The Association of Equipment Manufacturers’ monthly flash report revealed the sale of all tractors last month was down 21 percent, and combines were down 5 percent from the same point last year.
The Biden Administration is set to show ethanol is less effective than previously thought at reducing greenhouse emissions.