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.
