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The Fed held rates at 3.75%-4.00% with a 10-2 vote, Governor Cook and Hammack dissenting in favour of a hike. The statement said inflation remains elevated, and markets price a high probability of further hikes in December and January.
A hawkish Fed strengthens the dollar and raises financing costs, which pressures precious metals and dollar-denominated commodities. Higher rates also dampen demand growth that supports feed-grain and oilseed pricing.
news.metal.comSMMOct 29, 2026After 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.
