◂ Event Timeline

Dec 8, 2023MACROUS

Dow surges to new record as Fed signals three rate cuts in 2024

The Dow closed at a new record after the Federal Reserve signaled three rate cuts in 2024. The article also included general commentary on interest rates and commodity prices.

WHY IT MATTERS

Lower expected rates weaken the dollar and can support commodity prices, but the article offers little specific feed-market detail. The impact on feed prices is indirect.

AFFECTSDXY▼

SOURCE
cnn.comBryan Mena, Alicia Wallace, Elisabeth Buchwald, Krystal Hur, Nicole GoodkindDec 8, 2023

Price reaction & history

DXY▼bearishSO FAR1d +0.1%5d -0.9%20d -1.1%

After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

Oct 30, 2019Fed cuts rates for the third time as US economy slows | CNN Business+0.1%
Dec 13, 2023Yen rallies after Federal Reserve signals rate cuts in 2024 - Nikkei Asia-1.0%
Mar 20, 2025Gold Hits Record High As Fed Signals Rate Cuts Amid Economic Tensions+0.3%
Dec 13, 2023Dollar drops as Fed signals coming rate cuts-1.0%
Oct 30, 2019Fed cuts rates for a 3rd time but signals it will now pause | AP News+0.1%

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.

DXY · GP ▸

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