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U.S. producer price growth slowed, which adds to the outlook for lower inflation. The Fed delivered its fourth consecutive 75-basis-point hike earlier in the month but signaled it may be nearing an inflection point in the fastest rate-hiking cycle since the 1980s.
Slower price growth and signs of a turning point in rate hikes could ease pressure on the dollar over time. That would reduce the currency headwind for dollar-priced commodities, though the effect on feed prices would be gradual.
reuters.comLucia MutikaniNov 15, 2022After 139 past report events, US Dollar (Broad) moved a median -0.1% over 5 sessions (47% higher; middle half -0.5% to +0.4%), 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.
