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Fed Vice Chair Richard Clarida outlined a positive US economic outlook at a NABE conference, noting the record 11th year of expansion, a strong labor market and PCE inflation running somewhat below the 2% target. He said the Fed projects inflation will rise gradually under appropriate policy.
A steady US policy outlook with no imminent cut signals limited near-term dollar weakness from policy, which keeps dollar-linked feed commodity pricing largely unchanged.
bis.orgFeb 28, 2020After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), 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.
