An ag economist says he expects the Federal Reserve to wait and see if more interest rate hikes are needed.
Brian Briggerman with Kansas State University tells Brownfield early indications are for rates to hold at the end of this month, but the economy is strong enough to support further increases.
“I would like to see interest rates go up by 25 basis points, but if you’re asking me what I think will actually happen, the Fed is going to hold rates steady in the short term.”
The former economist for the Kansas City Fed says farmers need to focus on business fundamentals to see how they can absorb the higher cost of borrowing.
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