Inflation Station: The interest rate express train rolls on

The Fed’s Bullard suggests rates may have to rise to as much as 7% to sufficiently cool inflation
CPI and PPI recently surprised a bit lower but remain well above the Fed’s comfort zone
The Treasury curve reacted to the news by inverting further, which increases the likelihood of a deeper, longer recession than the short version we just came out of
The silver lining (or cotton candy in this case) should be lower crude and crude refined product values that should lend a headwind to corn and soybean oil
And save the date!

2023 Spring Market Seminar: Acting with an award-winning script
Wednesday, April 26, 2023
Oakbrook, IL

Host: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Risk Management