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US import prices fell and consumer sentiment slid, with the Fed holding its benchmark rate at 5.25%-5.50% and markets still expecting easing to begin in September. The Fed has raised rates 525 basis points since March 2022.
Softer import prices and weaker sentiment point to cooling inflation and growing expectations of Fed easing, which can ease pressure on the dollar and support commodity demand.
reuters.comLucia MutikaniJun 14, 2024After 47 past bearish report events, DXY moved a median -0.2% over 5 sessions (34% higher; middle half -0.8% to +0.2%), and -0.7% 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.
