Policy Update

Russian missile strike killed one of Ukraine’s biggest exporters of grain | Pelosi going to Taiwan
Employment report on Friday top economic focus
Xi warns Biden not to ‘play with fire’ ahead of Pelosi’s potential Taiwan trip
GDP fell 0.9% in 2Q, second straight decline and a strong recession signal
$20 bil. to support climate-smart ag practices; SAF tax credit of $1.25/gallon
Hurdles remain, including Sen. Sinema’s position and House Democrats
British intelligence: ‘Russia almost certainly perceives anti-ship missiles as a key threat’
IMF slashes global GDP forecast as economic outlook grows ‘gloomy and more uncertain’
USDA sees higher prices for 2023, but rate of increase to significantly decline
IMF update Tuesday, FOMC rate hike Wed., GDP report Thursday