# The Commodities Feed: Fed comments weigh on the complex | ING THINK

> The Fed cut rates by 25bp but trimmed its 2025 outlook to about 50bp of cuts from 100bp previously. Crude oil edged lower as the dollar surged and the EIA reported a smaller-than-expected inventory draw of 0.9m barrels for the week ended December 13.

- Date: 2024-12-19 · published 2024-12-19T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/26850-the-commodities-feed-fed-comments-weigh-on-the-complex-ing-think
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Reduced rate-cut expectations lift the dollar and weigh on commodities broadly, while the smaller crude draw adds bearish pressure to energy. Feed costs that track energy and freight may ease only modestly from these moves.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-02-01 | [The Commodities Feed: Fed comments weigh on the complex \| articles \| ING THINK](https://feedsoft.ai/events/31573-the-commodities-feed-fed-comments-weigh-on-the-complex-articles-ing-think.md) | -2.6% | +3.6% |
| WTI | 2022-02-11 | [The Commodities Feed: US Fed pressure weighs on the commodities complex \| snaps \| ING THINK](https://feedsoft.ai/events/42647-the-commodities-feed-us-fed-pressure-weighs-on-the-commodities-complex-snaps.md) | +2.1% | +21.7% |
| WTI | 2021-09-21 | [The Commodities Feed: Risk-off move hits the complex \| snaps \| ING THINK](https://feedsoft.ai/events/6381-the-commodities-feed-risk-off-move-hits-the-complex-snaps-ing-think.md) | +7.3% | +17.3% |
| WTI | 2023-10-03 | [The Commodities Feed: It’s all about the yields \| articles \| ING THINK](https://feedsoft.ai/events/33531-the-commodities-feed-it-s-all-about-the-yields-articles-ing-think.md) | -5.4% | -6.8% |
| WTI | 2021-08-27 | [The Commodities Feed: USD holds the market back \| snaps \| ING THINK](https://feedsoft.ai/events/45481-the-commodities-feed-usd-holds-the-market-back-snaps-ing-think.md) | +3.9% | +9.9% |
| BRENT | 2024-02-01 | [The Commodities Feed: Fed comments weigh on the complex \| articles \| ING THINK](https://feedsoft.ai/events/31573-the-commodities-feed-fed-comments-weigh-on-the-complex-articles-ing-think.md) | -2.6% | +1.9% |
| BRENT | 2023-06-29 | [The Commodities Feed: Hawkish Fed comments weigh on the complex \| articles \| ING THINK](https://feedsoft.ai/events/35414-the-commodities-feed-hawkish-fed-comments-weigh-on-the-complex-articles-ing.md) | +3.9% | +12.3% |
| BRENT | 2022-02-11 | [The Commodities Feed: US Fed pressure weighs on the commodities complex \| snaps \| ING THINK](https://feedsoft.ai/events/42647-the-commodities-feed-us-fed-pressure-weighs-on-the-commodities-complex-snaps.md) | +0.3% | +19.2% |

## Sources

- think.ing.com: https://think.ing.com/articles/the-commodities-feed-us-fed-comments-weigh-on-the-complex/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.