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Fed officials, led by Chair Powell, signalled a commitment to high rates to fight inflation. Futures markets priced a 72% chance of a 75-basis-point hike at the September 21 meeting.
Expectations of further tightening keep the dollar firm, which tends to weigh on US commodity exports and dollar-priced grain and oilseed values.
omaha.comAug 31, 2022After 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.
