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The Fed held its policy rate at 3.75% to 4.00%, broadly in line with expectations. Two policymakers favoured further tightening, but Chair Kevin Warsh gave no firm commitment to a December increase, and shorter-dated Treasury yields fell afterward, leaving the dollar struggling to gain momentum.
Softer short-term yields reduce the dollar's rate advantage, which tends to weigh on the dollar index and support dollar-priced commodities such as feed grains and meal.
monfor.comGrant MartinOct 29, 2026After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
