US Federal Reserve sees inflation progress but envisions only one rate cut this year

washington — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled they expect to cut their benchmark interest rate just once this year.  The policymakers’ forecast for one rate cut was down from a previous forecast of three, because inflation, despite having cooled in the past…

read more

Australian-led study issues food security warning over plant breeding skills shortage

Sydney — Australia’s national science agency warns a lack of scientists specialized in plant breeding could lead to ‘dire’ food security implications around the world. Researchers say plant breeding is a critical science that underpins the global production of food, animal feed and fuel. The finding is among the conclusions of a recently published paper by…

read more