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A live markets wrap reports that the dollar and US yields rose modestly after a hawkish Fed was already expected. Stocks rallied on the Fed policy statement, with the Nasdaq up more than 2%.
Higher US yields and a firmer dollar tend to weigh on commodity prices, but the market reaction here is mainly equity-driven and the effect on feed prices is small.
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.
