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Wall Street stocks were weighed down by tech shares after the Federal Reserve's hawkish policy turn. The Fed said it would end its asset purchases in March and signaled as many as three rate hikes in the coming year to fight inflation.
Expected tighter US policy tends to strengthen the dollar and raise borrowing costs, which can pressure commodity prices and feed-buyer hedging costs.
reuters.comDec 16, 2021After 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.
