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US Treasury yields eased after three days of gains as labor data showed a tight market ahead of a key inflation reading. Analysts said the Fed would not back off plans to speed up its bond-buying taper even if CPI came in below the expected 6.8%.
Expectations of faster Fed tightening support the dollar and can weigh on dollar-priced commodities, though the inflation print could shift that outlook.
reuters.comHerbert LashDec 9, 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.
