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Fed Chair Powell said inflation risks are rising but the Fed can be patient before lifting its benchmark rate. He suggested the economy may be ready for a rate hike next year.
A delayed rate path keeps the dollar from strengthening sharply, a modest support for dollar-denominated commodity prices.
apnews.comChristopher RugaberOct 22, 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.
