Fed's rate-cut foot-dragging grates on global peers at IMF meetings

After 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.

• Dec 16, 2024Dollar edges higher against major peers as investors eye Fed rate cut | Reuters+0.5%
• Feb 21, 2024Fed worried about cutting rates too soon, minutes of January meeting show-0.0%
• Jan 29, 2025Gold dips as dollar, yields climb after Fed stands pat on rates | Reuters-0.1%
• Nov 27, 2024Euro's bruising leaves global investors on edge | Reuters-0.5%
• Jan 24, 2024Investors temper US rate cut bets as Fed meeting looms-0.4%

After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.

• Jun 27, 2023Brazil central bank minutes raise possibility of August rate cut | Reuters+0.4%
• Jun 13, 2018Why US rates have a global impact+1.5%
• Dec 18, 2024Dollar index hits two-year high after Fed delivers rate cut+1.3%
• Jul 29, 2024Economic uncertainties still prevent rate cut in Brazil, official says | Reuters+1.4%
• Nov 11, 2024Brazil's currency weakens amid government delays in announcing new fiscal measures | Reuters-0.6%

Not enough comparable past events yet for a historical read.