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Most Fed policymakers at their January meeting were concerned about cutting interest rates too soon, according to the minutes. There was broad uncertainty about how long borrowing costs should stay at current levels.
Higher-for-longer rate signals tend to strengthen the dollar, which pressures dollar-priced commodity prices. Delayed easing also keeps financing costs elevated for the feed and grain trade.
reuters.comHoward SchneiderFeb 21, 2024After 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.
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.
