The Federal Reserve left interest rates unchanged at their 1 November meeting; Chairman Powell noted that this was a pause to let the 100-basis point increase in rates over the past year take full effect. This week, an initial sign that progress was being made was the October Consumer Price Index which remained unchanged. However, much of that was due to flagging energy prices, which dropped 2.5 percent after large increases in August and September. The CPI year-over-year was 3.2 percent; in October 2022 the 12-month CPI was 7.7 percent. Looking at different benchmarks, inflation was still up 4.4 percent over the August through October period. Looking at core inflation – the Fed’s benchmark, which excludes energy an...
A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
Lobelia (/loʊˈbiːliə, lə-/[4][5][6]) is a genus of flowering plants in the family Campanulaceae comprising 415 species,[7] with a subcosmopolitan distribution primarily in tropical to warm temperate regions of the world, a few species extending into cooler temperate regions.[8] They are known g...
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From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.