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The Federal Reserve raised its key rate by 0.25 percentage points, the smallest hike in its tightening campaign, and said more increases are likely. Powell suggested a couple more hikes may be enough before pausing.
Expectations of a near-term end to hikes limit dollar strength, which can support commodity prices, though financial conditions have eased and inflation remains a concern.
nbcnews.comRob WileFeb 1, 2023After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
