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The Federal Reserve raised its target range by 75 basis points to 2.25-2.5%, as widely expected, and dropped language about activity picking up. The US dollar and Treasury yields fell after the announcement while equities rose.
A less hawkish Fed weakens the dollar, which tends to support dollar-priced commodities such as grains and oilseeds.
business.nab.com.auJul 27, 2022After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
