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President Trump named Kevin Warsh to succeed Jerome Powell as Fed chair, and the dollar recovered some of its earlier losses after the Fed held rates steady. Producer price data for December also came in higher than expected, showing businesses passing through tariff-driven costs.
A firmer dollar on expectations of a patient Fed reduces the support that a weak currency gives to dollar-priced commodities. Persistent tariff pass-through keeps input costs elevated for feed producers.
reuters.comKaren BrettellFeb 1, 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.
