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Nordea analysts argue that Fed rate cuts are unlikely because higher energy prices, tight labour markets and inflation near 3% are feeding into persistent price pressure. They expect the policy rate to stay unchanged.
Sustained higher US rates support the dollar and raise financing costs for commodity holders. The view that cuts are off the table removes a potential tailwind for commodity prices.
After 4,478 past macro events, DXY moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), 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.