The USDA has revised the 2023/24 US cotton forecast downward to 12.10 million bales from an earlier projection of 12.43 million. This update came in its recent supply and demand report last Friday. The reduction indicates a slight shift in expectations for the upcoming crop year. For the US, the ending stocks are now set […]
Related Posts
Powell’s Patient Stance on Interest Rates Amid Inflation Trends
Federal Reserve Chairman Jerome Powell recently underscored the central bank’s deliberate approach towards adjusting monetary policy, signaling no immediate intent to lower interest rates. Speaking at a San Francisco event, he indicated that the current inflation data aligns with Federal Reserve expectations. He stressed the importance of achieving a stable trajectory towards the 2% inflation […]
Intel’s Groundbreaking Israeli Investment
Intel has launched an unprecedented $25 billion project in Israel, focusing on a new chip manufacturing plant. This initiative is the largest foreign investment in Israel’s history. The Israeli government has granted Intel $3.2 billion in support, emphasizing their mutual commitment. The plant in Kiryat Gat is key to Intel’s strategy of reducing its reliance […]
