Loading…
Ahead of the Fed decision, markets priced a 25-basis-point hike with about 98% consensus. Traders were focused on Powell's comments on whether another hike would come before year-end.
Pre-decision positioning in the dollar and risk assets can move commodity prices, but the expected outcome gives little new price signal for feed markets.
investing.comJul 26, 2023After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), 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.
