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Markets now expect the Federal Reserve to begin raising rates in March 2022 with a quarter-point move, scaled back from earlier pricing of a half-point increase. Traders expect the tightening cycle to continue into 2023 at a gentler pace.
A firmer rate path supports the US dollar, which makes dollar-priced commodities more expensive for foreign buyers and can soften commodity prices. Feed buyers should watch dollar strength against currencies of major exporters.
cnbc.comJeff CoxFeb 23, 2022After 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.
