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The Fed unanimously kept its overnight rate at 4.25%-4.50% and stayed in a holding pattern while awaiting inflation and jobs data. The dollar strengthened 0.35% against the Swiss franc and weakened 0.17% against the yen.
Expectations of a longer pause support the dollar, which tends to weigh on dollar-denominated commodity prices. The effect on feed markets is indirect and modest.
reuters.comChibuike OguhJan 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.
