
The Fed cut rates by 25 basis points as widely expected and confirmed it will finish drawing down its mortgage-backed securities balance sheet by December 1. The Dollar Index churned after the decision, and markets shifted focus to the December 10 meeting.
The expected outcome produced limited dollar follow-through, so the policy event itself is unlikely to move feed prices much beyond the usual dollar channel.
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.