Central banks from around the world are making unexpected moves, affecting monetary policies and market sentiments.
Federal Reserve Chair Jerome Powell and fellow Fed governors on Friday heard firsthand from business and community leaders how the Fed’s interest rate hikes, along with ongoing price and labor market pressures, are affecting Americans, according to sources from Reuters.
Higher interest rates together with instability in commodity prices “has a stranglehold on the American agriculturalist right now, which leads to a stranglehold on all of rural America,” said Whitney Ferris-Hansen, who owns and operates J/W Farms and Ranch in Burlington, Colorado. #ticker today #featured
