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A Fed survey found the economy facing supply chain and other drags. It said the Fed's benchmark rate has been near zero since the pandemic began, with growing calls for hikes.
A reduction in asset purchases is expected before rate hikes next year.
Supply chain constraints support input and freight costs, while expected policy tightening could strengthen the dollar and weigh on commodity prices.
apnews.comMartin CrutsingerOct 20, 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.
Not enough comparable past events yet for a historical read.
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.
