Global stock index dips, dollar climbs as Fed's Powell holds off on Sept rate cut verdict

After 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.

• May 1, 2019Dollar rises as Fed's Powell cools bets on rate-cut+0.2%
• Nov 30, 2023Global stock index rises as dollar, Treasury yields climb with rates in focus | Reuters+0.6%
• Jan 29, 2025Gold dips as dollar, yields climb after Fed stands pat on rates | Reuters-0.1%
• Dec 18, 2024Dollar index hits two-year high after Fed delivers rate cut+0.7%
• May 15, 2026Dollar climbs for fifth straight day as Fed rate hike bets grow+0.6%

After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Aug 23, 2024Oil climbs over 2% after Fed's Powell indicates US rate cuts | Reuters+4.2%
• Jul 31, 2024Stocks rise; yields, dollar lower as Fed signals rate cut-2.1%
• May 15, 2026Dollar climbs for fifth straight day as Fed rate hike bets grow-4.4%
• Sep 16, 2020Global shares slip, dollar gains as Fed sticks to agenda of near-zero rates | Reuters+3.3%
• Aug 22, 2025Commodity Prices Surge As Powell Signals September Fed Rate Cut | FXEmpire+1.0%

After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.

• Aug 23, 2024Oil climbs over 2% after Fed's Powell indicates US rate cuts | Reuters+3.5%
• Jul 31, 2024Stocks rise; yields, dollar lower as Fed signals rate cut-3.0%
• Sep 16, 2020Global shares slip, dollar gains as Fed sticks to agenda of near-zero rates | Reuters+3.1%
• Aug 26, 2024Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve-0.2%
• Jun 28, 2023Nasdaq ends up, dollar strengthens as Powell hints at more rate hikes | Reuters+4.7%