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The Fed cut its policy rate by 25 bps on December 10, and Chair Powell's comments were less hawkish than expected, pushing yields and the dollar lower and supporting gold. The Fed projections still show one cut in each of 2026 and 2027.
Markets are also watching a Supreme Court ruling on Trump's sweeping tariffs, which Trump has signaled he expects to be unfavorable.
A lower dollar and rates support non-yielding assets such as precious metals, but these moves have little direct bearing on feed grain or protein prices. Tariff ruling risk could affect trade flows for agricultural commodities later.
admis.comJ.P. SteinerDec 11, 2025After 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.
