Loading…
US GDP rebounded in the third quarter, helped by trade, while consumer demand showed signs of stalling. The Fed has raised its benchmark rate from near zero in March to 3.00%-3.25%, the fastest tightening in a generation.
Slowing domestic demand and aggressive Fed tightening point to softer US economic demand for feed and livestock products, while the dollar remains supported.
reuters.comLucia MutikaniOct 27, 2022After 2,356 past bullish macro events, DXY 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.
