Source: PROGESSIVE FARMER, 3/4/19


Only a few weeks ago, financial markets were pricing in two Federal Reserve interest-rate hikes in 2019. Today they're pricing in none. Indeed, they're predicting that the next move, probably in 2020, will be a rate cut. (https://blogs.wsj.com/…) If the markets are right, this is good news for folks who borrow money to finance their businesses, a category that includes many farmers and ranchers. But are the markets right? Answer: Maybe, but don't count on it. 

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