Interest rate announcement to largely sway ag incomes

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.

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