PARIS - Agricultural commodity group Louis Dreyfus Company has agreed to renew a $750 million loan in North America that will be priced in relation to how the company performs in relation to a number of sustainability goals.
Under the new revolving credit facility, the interest rate will be linked to Dreyfus’s performance on CO2 emissions, electricity consumption, water usage and solid waste sent to landfill. Starbucks and Mercon Coffee Group earlier this month announced sustainability-focused loan facilities, signaling the coffee market’s growing emphasis on sustainability as climate change and low global prices threaten the future of the crop.
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St. Louis Fed Chief Says Interest Rate May Be Cut to Meet Inflation TargetFederal Reserve Bank of St. Louis President James Bullard said Wednesday the U.S. central bank may need to lower its short-term interest-rate target if inflation doesn’t appear on track to rise back to desired levels. Look for half-point decrease... . MAGA2020 McDonald's is raising prices and cutting services and yet we are told there is no inflation? Really now...! Economics is not like science dealing with smooth curves, surfaces etc! It is a game where everybody is a player including scoundrels! Lowering interest rates during inflation can have unexpected adverse consequences! Don't forget consumers and producers have opposite interests!
Source: WSJ - 🏆 98. / 63 Read more »