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The Federal Reserve kept rates steady and Chair Powell said it needs more data before deciding on a September cut. Equities fell on the day and Trump publicly criticized the decision.
Delayed rate cuts keep the dollar supported, which can weigh on dollar-priced commodities and risk assets.
After 2,356 past bullish macro events, DXY 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.