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Global stocks fell and gold slid after the Federal Reserve meeting, as the FOMC's latest projections showed more officials expecting interest-rate rises than at the prior meeting. Markets read the shift as a sign the central bank might tolerate higher inflation.
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Expectations of earlier Fed rate hikes strengthen the dollar and raise financing costs, which can pressure commodity prices and reduce speculative demand for raw materials.
markets.businessinsider.comSophie KiderlinJun 17, 2021After 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.
