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Bank of America now expects the Fed to deliver two more rate hikes, in December 2026 and March 2027, and to hold its terminal rate at 4.25%-4.5% through 2027. Warsh's failure to signal a December move was characterized as dovish.
Following the meeting, the 2s30s Treasury curve steepened sharply.
A longer period of higher rates would support the US dollar over time, which tends to pressure dollar-priced grain and oilseed prices. The steepening signals bond market doubts about the Fed's inflation fight.
thefinance.co.krNov 1, 2026After 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.
