
The dollar was flat against major currencies after a smaller-than-expected rise in the US PCE inflation gauge. The softer print reduced market bets on a Federal Reserve rate hike, though the 2-year yield was little changed.
Lower odds of further Fed tightening take some pressure off the dollar, which can modestly support dollar-priced commodities. The effect on feed prices is small because the data mostly moved rate expectations.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.