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The Federal Reserve's November 5, 2020 FOMC statement said economic activity and employment were recovering but remained well below early-2020 levels. The Fed signaled tolerance for slightly higher inflation and noted that lower oil prices were holding down consumer prices.
Fed policy that keeps rates near zero and tolerates higher inflation is a broad macro backdrop for commodities, but it does not directly move feed ingredient supply or prices.
247wallst.comJon C. OggNov 5, 2020After 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.
