# Consensus price forecasts – Outlook dampened by Fed's hawkish tone | S&P Global

> 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.

- Date: 2023-10-10 · published 2023-10-10T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/33534-consensus-price-forecasts-outlook-dampened-by-fed-s-hawkish-tone-s-and-p-global
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-25 | [BofA cuts euro forecasts, sees stronger dollar in second half on hawkish Fed By Investing.com](https://feedsoft.ai/events/19032-bofa-cuts-euro-forecasts-sees-stronger-dollar-in-second-half-on-hawkish-fed-by.md) | -0.2% | -0.4% |
| DXY | 2021-11-30 | [Gold retreats as Fed's Powell strikes hawkish tone](https://feedsoft.ai/events/43957-gold-retreats-as-fed-s-powell-strikes-hawkish-tone.md) | -0.4% | -1.0% |
| DXY | 2024-09-30 | [Dollar gains as Fed's Powell adopts hawkish tone on economy \| Reuters](https://feedsoft.ai/events/28504-dollar-gains-as-fed-s-powell-adopts-hawkish-tone-on-economy-reuters.md) | +0.9% | +3.1% |
| DXY | 2022-01-28 | [Hawkish Fed a headwind for commodity prices \| Capital Economics](https://feedsoft.ai/events/43044-hawkish-fed-a-headwind-for-commodity-prices-capital-economics.md) | -0.9% | -0.6% |
| DXY | 2025-07-31 | [Fed's reticence on rate cuts forces market to rethink outlook](https://feedsoft.ai/events/23662-fed-s-reticence-on-rate-cuts-forces-market-to-rethink-outlook.md) | -0.7% | -0.6% |

## Sources

- spglobal.com: https://www.spglobal.com/market-intelligence/en/news-insights/research/consensus-price-forecasts-outlook-dampened-by-feds-hawkish-tone

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.