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Boston Fed President Susan Collins said a steady, gradual pace of modest rate increases is the best approach given high, broadening inflation and a stable job market. Markets widely expect a hike at the December 8-9 Fed meeting.
Expected further US rate hikes support the dollar, which can weigh on dollar-denominated commodity prices and make US feed exports costlier for importers.
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.