Why a hawkish US Fed is reverberating around markets

After 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.

• Sep 30, 2018Is the US dollar heading for a crash? | The National+0.7%
• Sep 8, 2023Why the US Fed's interest rate pause is a win for dollar bulls | The National-0.6%
• Feb 5, 2018Hawkish Fed, strong dollar jolt Korean markets - The Korea Herald+1.1%
• Jul 31, 2019The Fed rate cut: Markets reconsider the 'Fed Put' after underwhelming cut+0.9%
• Jun 18, 2026US dollar rally builds as hawkish Fed meeting stokes rate-hike bets | The Straits Times+1.4%

After 301 past bearish macro events, Corn moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% over 20.

• Jul 31, 2019The Fed rate cut: Markets reconsider the 'Fed Put' after underwhelming cut-5.0%
• Jun 17, 2021Global Markets: Tech shares buck trend as hawkish Fed weighs on global stock markets | Reuters-2.4%
• Apr 25, 2022Fed’s hawkish stance keeps commodity markets under pressure+0.4%
• Mar 19, 2020Why the U.S. dollar’s relentless rally is causing pain for emerging markets - MarketWatch+1.1%
• Apr 10, 2020Markets starting to reveal new demand paradigms — this week in the grain markets - RealAgriculture-5.4%

After 273 past bearish macro events, Soybeans moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% over 20.

• Jul 31, 2019The Fed rate cut: Markets reconsider the 'Fed Put' after underwhelming cut-3.5%
• Jun 17, 2021Global Markets: Tech shares buck trend as hawkish Fed weighs on global stock markets | Reuters-4.4%
• Mar 19, 2020Why the U.S. dollar’s relentless rally is causing pain for emerging markets - MarketWatch+6.8%
• Oct 29, 2024How the US election could impact China's markets | Reuters+1.4%
• Feb 22, 2021US money markets bringing forward Fed rate hike bets to end-2022 - Markets - Business Recorder+2.0%