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The US Federal Reserve kept its benchmark rate near zero in mid-June 2021 while signalling earlier rate increases. It raised its 2021 inflation forecast to 3.4% and its GDP growth forecast to 7%.
Emerging-market central banks are left facing tighter global financial conditions.
A hawkish Fed lifts the dollar and can tighten emerging-market financing, which weighs on demand for imported feed and can pressure local-currency commodity prices. The effect on grain prices is indirect.
vir.com.vnCeline Luu Vietnam Investment ReviewJun 29, 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.
