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Jan 4, 2023MACROUS

Key Takeaways From Minutes of Fed’s December Meeting on Rates

Minutes from the Federal Reserve's December 13-14 meeting show officials remained committed to bringing inflation down. The release was summarized as key takeaways for markets.

WHY IT MATTERS

A hawkish tone on inflation supports the dollar and raises financing costs for commodity stockholding, which is mildly negative for commodity prices.

AFFECTSUS Dollar (Broad)▲

SOURCE
bloomberg.comScott LanmanJan 4, 2023

Price reaction & history

US Dollar (Broad)▲bullishSO FAR1d -0.5%5d -1.5%20d -2.8%

After 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.

Feb 22, 2017Many Fed Officials See Rate Hike ‘Fairly Soon,’ Minutes Show - Bloomberg-0.5%
Jul 26, 2023FOMC Meeting: Fed Raises Rates to 22-year High, Leaves Door Open for More - Bloomberg+0.6%
Feb 21, 2024Fed worried about cutting rates too soon, minutes of January meeting show-0.0%
Apr 9, 2024ECB-Fed Rates Split Ignites Talk of Euro Sliding to Dollar Parity - Bloomberg+1.4%
Sep 14, 2026Copper Slips as Inflation Data Raises Bets on Fed Hiking Rates - Bloomberg+1.1%

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.

US Dollar (Broad) DXY · GP ▸

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