Encouraging inflation signals

An official with Farm Credit Services of America suggests inflation is easing.

Matt Erickson says the consumer price report for March was encouraging.

“The CPI report came in at about 5 percent year-over-year. It’s still relatively high (compared) to the Fed’s target of 2 percent, but it’s come down since last June when we were at roughly 9 percent.”

He tells Brownfield interest rates should range from 4.75 to 5 percent in the near term.

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