Oil: Global Ramifications of Falling Prices By Erik Norland, Senior Economist, CME Group Highlights US oil production could peak in late 2020 as capital expenditures (capex) falls further. Decline in oil prices could pressure commodity currencies, ag prices. The fall could buffer Covid-19 economic impact in China, Europe, Japan. Read article
Spring forecast: Robust jobs growth, risk of floods
Spring forecast: Robust jobs growth, risk of floods By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Flood Risk Foreshadows Spring Planting Farmers on high alert for flood risk ahead of spring planting. Severe flooding in the Midwest delayed seeding in 2019. Levees on Mississippi, Missouri rivers are not fully restored. If … Read More
Economic Research: The Natural Gas Quandary Inbox
The Natural Gas Quandary By Erik Norland, Senior Economist, CME Group Natural Gas Outlook for 2020 Mild winter, high storage levels pressure natural gas prices. Production has soared 800% since EIA records began in 2008. Export capacity to double in 2020 from last year as exports surge. Henry Hub gaining prominence as a natural gas … Read More
Research: Will Coronavirus Impact Fed Policy?
Will Coronavirus Impact Fed Policy? By Blu Putnam, Chief Economist, CME Group Highlights Spread of coronavirus could disrupt retailers, manufacturers, and tech firms. As ships are stranded at China’s ports, shipping industry could also be impacted. Will Fed cut rates at March, April FOMC meetings if global growth slows? China likely to support state-owned and … Read More
Challenges to Growth and Mexico’s Defiant Peso
Challenges to Growth and Mexico’s Defiant Peso By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Demographic Challenges to Growth Changing demographics pose serious challenge to US, China growth. Labor force growth in US, China set to slow or even shrink by 2030. Retirees will be 21% of US population by 2030, up … Read More