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Minutes from the Federal Reserve's late January meeting showed officials remain focused on inflation and open to further tightening. Participants noted the economy kept growing with a tight labor market.
A hawkish Fed outlook supports the dollar and weighs on commodity prices, including grains and meals priced in dollars.
reuters.comHoward SchneiderFeb 22, 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.
