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US stocks surged after the Fed's 50-basis-point hike, with the Nasdaq 100 rising 3.41% and the Dow up 2.81%. Market pricing for future hikes was trimmed, with the September hike now seen at 25 basis points and year-end rates expected at 225-250 basis points.
Reduced expectations for aggressive tightening could ease pressure on the dollar over time, modestly supporting dollar-priced commodities.
forex.comMatt SimpsonMay 4, 2022Not enough comparable past events yet for a historical read.
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.
