Loading…
S&P Global Commodity Insights reports downgrades to consensus price forecasts for industrial metals after the Federal Reserve's hawkish September pause. Rising US inflation, a stronger dollar and a Treasury yield rally pressured metals, and gold fell sharply.
Stimulus for China's property sector had earlier supported metals.
The article covers metals rather than feed inputs. The hawkish Fed and firmer dollar signal weaker demand expectations across commodities, though the direct link to feed prices is limited.
spglobal.comRonald CecilOct 10, 2023After 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.
