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Copper fell about 1% to $4.20 per pound after the Fed statement, even as the dollar index dipped slightly. The Fed projected three rate hikes in 2023 and three more in 2024.
Copper's move reflects rate expectations rather than feed-grain fundamentals, so the direct effect on feed commodities is minimal.
economies.comRami HaddadSep 23, 2021Not 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.
