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The dollar was slightly lower on July 27 after the Federal Reserve raised rates by 75 basis points, as widely expected. The central bank noted that other economic indicators had softened even as the labor market stayed strong.
Aggressive Fed tightening supports the dollar, but signs of a slowing economy could limit further gains and ease pressure on dollar-priced commodities.
brecorder.comReutersJul 27, 2022After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% 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.
