
A CCTV-scripted CNBC segment reports the Fed held rates, with DoubleLine's Jeffrey Gundlach warning that energy prices could push US inflation above 4%. CME FedWatch shows nearly 80% odds of a December hike.
Persistently high oil prices feed inflation expectations and push the Fed toward tightening, supporting the dollar. This keeps pressure on commodity prices and raises input costs for feed producers.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.