An ag economist says the Federal Reserve’s announcement Wednesday afternoon on the future of interest rates will likely have a strong impact on commodity markets one way or the other.
The University of Missouri’s Ben Brown says the market is expecting a half a percent increase in short-term interest rates.
“Even if that is held constant, I think you’re going to have some traders that still feel like that’s too short of a move to help tame some of the broader inflation,” Brown said.
