Ranch Land Report: Spring 2024
Stability and Tangibility Remain Strong Investment Factors: In our previous article dated June of 2023, we commented on the Federal Reserve’s inflation report which was trending down from 9% to around 6%. Although inflation has trended down, wage growth continues stubbornly persistent. The current U.S. inflation rate is 3.7% for the 12-month period leading up to September 2023. Inflation rose 0.4% in September from the previous month, according to the latest release from the Bureau of Labor Statistics. The Federal Reserve remains “Hawkish” and while they passed in raising rates at the last meeting, they have indicated further increases are on the table. Read more...
