With U.S. inflation coming in below expectations for October, markets expected that the Federal Reserve policymakers would soon have to slow or stop the monetary policy tightening measures. However…
Fed Governor Chris Waller said that markets had overestimated the significance of a single data point and that the U.S. central bank still has “a ways to go” on interest rate hikes.
Amid rising interest rates, sky-high inflation, and slowing growth, the third-quarter financial report turned out to be disappointing. Analysts are projecting that fourth-quarter U.S. earnings will decline for the first time in two years.
Moreover, economic research firm Capital Economics sees earnings disappointing the market and weighing further on stocks. Also, it expects a mild recession in the U.S. and contractions across several major developed markets.
PepsiCo, Inc. (PEP)
PEP manufactures, markets, distributes and sells beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East, and South Asia; and Asia Pacific, Australia and New Zealand and China Region.
On September 14, 2022, PEP and Archer-Daniels-Midland Company (ADM) announced a groundbreaking 7.5-year strategic commercial agreement to collaborate closely on projects that aim to significantly expand regenerative agriculture across their shared North American supply chains.
The companies’ capabilities span the food and agriculture value chains, creating a unique, large-scale platform to support farmers’ transition to regenerative agriculture while building their resilience to climate change.
On November 17, PEP declared…
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