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Investors reduced expectations for further Fed rate hikes after softer US PCE inflation data, pulling the 2-year and 10-year Treasury yields lower. Deutsche Bank still expects two hikes later this year and sees payroll growth slowing sharply in the upcoming jobs report.
Lower rate-hike expectations soften the dollar, which modestly supports dollar-priced commodities and eases pressure on import-dependent feed costs.
fxstreet.comFXStreet Insights TeamJun 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.
