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A CEPR column examines whether the commodity price channel is a material route through which monetary policy, especially US policy, affects inflation in the US and globally. It cites recent inflation swings as partly driven by commodity price fluctuations and discusses how Fed rate changes affect storage costs, consumption and financial conditions.
The analysis links US rate policy to commodity price moves, but it is a general economic study rather than a new supply or demand event, so its direct effect on feed prices is limited.
cepr.orgCEPRJun 1, 2024After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% 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.
