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The Fed voted 12-0 to hold rates at the first meeting under Chair Kevin Warsh, and gold fell below $4,300 an ounce. The new projections showed nearly half of policymakers expect a rate hike in 2026.
The Fed said inflation remains elevated relative to its 2% goal.
Rate-hike expectations strengthen the dollar and weigh on dollar-priced commodities, which can raise feed import costs in local currencies. The price effect comes from monetary policy rather than from grain or meal supply.
kitco.comErnest HoffmanJun 17, 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.
