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Reuters reports that the Fed did not signal an imminent reduction in its bond purchases, which currently total $120 billion a month. Powell said there was not yet enough evidence of substantial further progress to change policy.
Investors are looking for more concrete tapering clues in the coming months.
Expectations of eventual tapering and higher Treasury yields affect the dollar and financing costs across commodity markets. For feed buyers, the direct price impact is limited at this stage.
financialpost.comReutersApr 29, 2021After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% 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.
