Rising global demand, China, poor global harvests, ethanol, biodiesel and overeager speculators all have played a significant role in the run-up of commodity prices. But it’s been the Federal Reserve’s easy-money policy that is the biggest culprit behind runaway food cost inflation.Granted, a 3.25-percent, six-month drop in short-term interest rates will help lubricate the economy’s financial gears. But with those lower rates has come an ever-weakening dollar that has fueled the commodity ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!