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Reuters reports the Fed remains in rescue mode, with rates near zero and no change expected for about three years. The economy is still about 10 million jobs below its level in February 2020.
Sustained low rates support commodity demand through a weaker dollar, but the effect on feed prices is modest.
reuters.comHoward SchneiderJan 25, 2021After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
