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The Fed cut the funds rate by 25 basis points to 3.75%-4.00% on October 29 with two dissents, one for a 50bp cut and one for no change. It also said it will end balance sheet runoff from December 1 and reinvest maturing Treasuries.
Powell said a December cut is not guaranteed.
Ending quantitative tightening adds liquidity, which is mildly supportive for commodities, but the signal of fewer near-term cuts supports the dollar. The net effect on feed prices is modest.
think.ing.comJames Knightley, Padhraic Garvey, CFA, Chris TurnerOct 29, 2025After 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.
