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The Fed's final FOMC meeting of 2023 is set for December 12-13, with a rate hold almost certain at 97.1% probability. Markets are focused on the timing of 2024 rate cuts, with futures pricing roughly 43% odds of a March cut and 49% for May, while Chair Powell said it is too early to confidently conclude policy is sufficiently tight.
Expectations for Fed easing shape dollar direction and emerging-market currency strength, which in turn affects the cost of dollar-priced feed imports for Asian buyers.
asiae.co.krMun JewonDec 10, 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.
Not enough comparable past events yet for a historical read.
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.
