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Fed Governor Waller said the Fed may need a more aggressive response if inflation stays high. He also said that a rate increase from the current near-zero level is still some time off, in line with most colleagues.
Expectations of a slow path to rate hikes support the dollar and keep pressure on commodity prices, while inflation risks could later raise financing costs for feed buyers.
reuters.comHoward SchneiderOct 19, 2021After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
