Loading…

The Fed held rates at 3.5%-3.75% with a 10-2 vote, and Powell said the economic outlook had clearly improved. Futures markets priced no change in rates before June.
With no near-term cuts priced, the dollar has less pressure to weaken, which limits support for dollar-priced commodities.
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.