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If Congress and lobby groups have taught us anything in over 40 years of watching them, it is that most never want to reduce spending taxpayers’ money; in fact, they usually want increases.
Despite a downbeat first quarter of 2017, “most” Fed members indicated that if economic results unfolded as they expect, it would “soon” be appropriate to take another step to tighten monetary policy.
Mandatory budget cuts including agriculture subsidies are likely to be proposed this week via President Donald Trump’s Fiscal Year 2018 budget proposals and, more importantly, by the House Budget Committee.
Former Federal Reserve Chairman Ben Bernanke said he is “puzzled” by markets ignoring political risks, with market focus on such events heightening at “the last minute.” It’s tick-tock time.
USDA Secretary Sonny Perdue appeared Wednesday before the House Agriculture Committee to discuss the state of the rural economy. Panel members asked him about several farm and trade policy issues.
The Senate is in today but House members return Tuesday. The biggest focus will probably remain on the White House and whether any new shakeups take place or if there are statements that spark uncertainty.
Deal includes beef, Chinese poultry, GMO products, U.S. natural gas and financial products.