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The Federal Reserve said it will begin paring its monthly bond purchases this month, with plans to end them later, marking the start of less accommodative policy. The central bank maintained its view that high inflation would prove transitory.
Tighter US monetary policy tends to strengthen the dollar and raise the opportunity cost of holding non-yielding assets, a headwind for dollar-priced commodities and a potential pressure on feed input prices.
reuters.comGertrude Chavez-DreyfussNov 4, 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.
