Archive for October 2018

A Practitioner's Guide to STIR Contract Amendments

In November 2018, the exchange will implement, subject to all regulatory review periods, amendments to terms and conditions of CME Three-Month Eurodollar (GE) futures, CME One-Month Eurodollar (GLB) futures, and CBOT 30-Day Federal Funds (ZQ) futures. These product rule amendments are administrative: They do not change in any way the trading characteristics or the economic…

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USDA Announces Funding to Increase Access to Education, Workforce Training and Health Care Opportunities in Rural Communities

USDA

WASHINGTON, Oct. 31, 2018 – Agriculture Secretary Sonny Perdue today announced that USDA is awarding grants for 128 projects to increase access to job training (PDF, 351 KB), educational and health care services in rural areas. “Empowering rural Americans with access to services for quality of life and economic development is critical to rural prosperity,”…

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USDA Announces Approval of D-SNAP for North Carolina Disaster Areas

USDA

WASHINGTON, Oct. 31, 2018 – The U.S. Department of Agriculture (USDA) today announced that residents of three additional North Carolina counties — Chatham, Durham, and Gilford – will be eligible for disaster food benefits through USDA’s Disaster SNAP (D-SNAP). President Trump extended the disaster declaration for these three counties as part of ongoing federal efforts…

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Still a Few Event Risk to Watch as 2018 Draws to a Close

About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions. View more reports…

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USDA and ONDCP Unveil Latest Tool to Help Rural Communities Address the Opioid Epidemic

USDA

Rural Resource Guide is the One-Stop-Shop Listing of Federal Programs That Can Support Grassroots Strategies to Address the Opioid Epidemic and Build Resiliency WASHINGTON, Oct. 30, 2018 – White House Office of National Drug Control Policy (ONDCP) Deputy Director Jim Carroll and U.S. Department of Agriculture Assistant to the Secretary for Rural Development Anne Hazlett…

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China & Brazil: Currencies on Diverging Paths?

During the 2015-2016 period when exports declined, the Chinese yuan weakened toward CNY 7.00 per USD, before rallying all the way back to CNY 6.30 per USD as global growth synchronized in a positive development that re-stimulated Chinese exports.  The US-China trade war has reversed the currency’s path again and led to significant weakness relative…

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USDA Announces Early Release of Select Commodity Tables for USDA's Agricultural Projections to 2028

USDA

WASHINGTON, October 29, 2018 — On November 2, 2018, at 12:00 p.m. EDT, the U.S. Department of Agriculture (USDA) will release selected tables prepared for the upcoming USDA Agricultural Projections to 2028 report. USDA will post online tables containing long-term supply, use, and price projections to 2028 for major U.S. crops and livestock products and…

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As Merkel Falls, Will Bunds and Treasuries Follow?

Figure 1: German Bund Yields Still Close to Record Lows, May Depress Treasury Yields. The reason:  Merkel’s seemingly unsinkable political ship is taking on water.  For the past 13 years, she has been the de facto leader of Europe and has imposed economic austerity at home and in Europe. But her fortunes are turning, and…

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Could a Severe Equities Selloff Prolong Economic Expansion?

In the cases of 1987 and 1998, the Fed temporarily eased monetary policy, which led to even stronger short-term growth.  1988 was a great year for the economy and 1989 was a decent one (Figure 1).  Likewise, 1999 was an excellent year for the U.S. economy and it continued to grow into 2000 (Figure 2). …

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USDA Prioritizes Funding to Facilitate Safe Prescription Drug Disposal in Rural Communities

USDA

PRINCETON, W.V., Oct. 27, 2018 – Assistant to the Secretary for Rural Development Anne Hazlett today announced that the United States Department of Agriculture (USDA) will award additional priority points to Solid Waste Management Grant Program applications proposing innovative projects to promote the safe disposal of prescription drugs in rural communities. Hazlett made the announcement…

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