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Fed officials Mary Daly, Susan Collins and Austan Goolsbee said inflation is too high and further rate increases may be needed. Bundesbank President Joachim Nagel said the ECB would need to raise rates again.
Higher rates and a firmer dollar raise financing costs and tend to pressure commodity prices and strengthen the dollar against feed-importing currencies, which can cut import demand.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.