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US stocks slid after economic reports, including a stronger-than-expected manufacturing reading, raised expectations that the Federal Reserve would keep raising interest rates aggressively. Investors also weighed high inflation, war in Ukraine and COVID-19 restrictions in China.
Expectations of aggressive Fed tightening strengthen the dollar and raise financing costs, which can weigh on commodity prices and farm credit.
latimes.comStan Choe, Alex VeigaJun 2, 2022Not enough comparable past events yet for a historical read.
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.
