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A US Labor Department report showed annual consumer price growth fell below 5% in April for the first time in two years. A core inflation measure also eased, which may let the Fed pause rate hikes, though inflation remains above target.
Cooler inflation supports expectations of a Fed pause, which can ease dollar strength and support dollar-denominated commodity prices. The effect on grain and feed prices is limited because the signal is mixed.
reuters.comMay 10, 2023After 23 past neutral report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (57% higher; middle half -0.2% to +0.4%), and +0.5% 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.
