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The Fed held rates steady as the S&P 500 crossed 7,000 for the first time while the dollar index fell more than 10% over the past year. Officials said they still need greater confidence that inflation is moving toward 2% before resuming cuts.
A weaker dollar and the prospect of a more dovish Fed chair tend to lift dollar-priced commodities, though the near-term rate path is unchanged.
After 1,637 past bearish macro events, DXY 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.