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The Fed says Trump's tariffs will likely raise inflation and slow US economic growth. It expects to keep rates unchanged in the coming months, while Wall Street now expects five rate cuts this year.
Slower US growth reduces demand for energy and industrial goods, which weighs on crude and related feed-input prices. Higher inflation expectations also limit monetary easing.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.