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The Federal Reserve's latest statement and updated quarterly projections led to a rally in US stocks, with the S&P 500 gaining about 1.4% and the Dow hitting a record. The article says rate hikes are likely finished and the Fed is now focused on when cuts will begin.
A Fed pivot toward easing tends to weaken the dollar and lower borrowing costs, which can support commodity prices and feed-sector financing. The direct effect on grain and oilseed supply is limited.
reuters.comHoward Schneider, Ann SaphirDec 13, 2023After 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.
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.
