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Markets pushed back against expectations that the Fed and ECB would cut rates early, but traders have moved their forecasts for the first cuts into the first half of next year. Euro zone inflation fell to 2.4% in November from 2.9% in October, close to the ECB's 2% target.
Expectations of earlier rate cuts shape dollar and currency moves that affect the cost of dollar-priced commodities for importers. The impact on feed prices is indirect and limited.
reuters.comYoruk BahceliDec 1, 2023After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), 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.
