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The Fed held its federal funds target range at 3.75%-4% on October 28, with a 10-2 vote as Lisa Cook and Beth Hammack dissented in favor of an immediate hike. Chair Kevin Warsh declined to signal whether a December hike would follow, and market odds of a December increase fell from about 85% to about 73%.
The statement upgraded economic activity to strong while inflation remained elevated.
Reduced odds of a December hike ease pressure on the dollar, which supports dollar-denominated commodity prices. Lower expected rates also reduce carrying costs for stored feed grains.
invezz.comOct 31, 2026After 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.
