What Lies Ahead of Us?

Indoor farming has been growing steadily for the past years but, macro-economic conditions will slow down its growth throughout the world.

Photo by Melinda Gimpel on Unsplash

Good morning readers, last week’s speech from Jay Powell (Fed Chair) has sent markets tumbling as he delivered an unreassuring message on the US central bank to raise interest rates further which would restrain growth for some time. As reported by the Financial Times, following his speech, the US stock market slid sharply, with the benchmark S&P 500 index down 3.4 percent, while the tech-heavy Nasdaq Composite garbled 3.9 percent.

A higher interest rate means that money will be more expensive to borrow which in turn will slow investments made. This decrease may hamper most companies’ growth’ as indoor farming companies have often been criticized for the sheer importance of their incremental & operational costs.

In Europe, this week will see the inflation rates of the Eurozone as well as France, Germany, and other countries being published.

So, what lies ahead of us? Will Indoor farming’s growth slow down?