To no one’s surprise, the Federal Reserve Board expected to leave interest rates unchanged at the conclusion of their meeting. Looking at CME’s FedWatch tool shows a better than 90% chance rates will not change at the June meeting or July meeting.
There is no meeting in May. There’ll be a new Fed chairman when the board does meet in June or July. That new Fed chairman could change those percentages.
Somewhat lost in the war headlines, U.S. trade rep says last week that the U.S. is seeking a broader agricultural trade agreement with China, and that China has shown a lot of interest in buying more than just soybeans. President Trump’s rescheduled meeting now looks to be taking place May 14th and 15th.
Audio Reporting by Mark Oppold for Southeast AgNet.