Labour's new farming roadmap calls for a shift away from cattle farming to plant-based agriculture, sparking backlash from farmers and rural campaigners.
Labour’s new farming roadmap calls for a shift away from cattle farming to plant-based agriculture, sparking backlash from farmers and rural campaigners. PULSE POINTS WHAT HAPPENED: Britain’s leftist Labour government has released a new Farming Roadmap calling for British farmers to reduce high-emission farming, such as cattle raising, and transition to producing plant-based products like oilseeds and pulses. The roadmap aims to align agriculture with government climate goals. DETAIL: The 71-page strategy, published by the Department for Environment, Food and Rural Affairs (DEFRA), also promotes migrant labor for fruit picking through the end of the decade. Ministers claim farmers can play a key role in meeting climate goals, but the…Open
State of the Union: Markets expect an interest rate hike this year. The post Fed’s Preferred Inflation Measure Hits Highest Level Since April 2023 appeared first on The American Conservative .
The Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred measure of inflation, rose 4.1 percent year-over-year (YOY) in May following a monthly increase of 0.4 percent. That annual rate is the highest since April 2023. Core PCE, which excludes volatile items like energy and food, similarly rose 3.4 percent YOY, its highest level since October 2023. Much of the rise comes from increased expenditures on financial services and insurance, following a rally in the S&P 500. April’s PCE report had revealed a similar three-year high. The upward trend puts further pressure on the Federal Reserve to raise interest rates. Markets now price the chance of a rate hike at the July 29 Fed meeting at 30 percent with an…Open