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Fed Chair Kevin Warsh said consumer spending and economic activity remain strong, though the Gulf conflict and elevated inflation add uncertainty. Markets still priced a December rate hike, and the dollar fell despite strong GDP data.
Mixed signals on growth and inflation keep the dollar under pressure, which modestly supports dollar-priced feed commodities.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.