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The FOMC held the federal funds rate at 0% to 0.25% and kept asset purchases at the current pace at its September 22, 2021 meeting. Officials said tapering may soon be warranted and signaled possible rate hikes in 2022.
Expectations of earlier tightening strengthen the dollar and raise the cost of holding commodities, a modest bearish factor for feed prices.
investopedia.comMark KolakowskiSep 22, 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.
