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Cleveland Fed President Loretta Mester described the US expansion as the longest on record and forecast continued growth around trend, solid labor markets and low, stable inflation for 2020. She noted trade policy and slow growth abroad as ongoing risks.
A stable growth forecast supports steady domestic demand for feed and livestock, with no major shift in the dollar or commodity price outlook.
clevelandfed.orgMester, Loretta J.Feb 24, 2020After 4,478 past macro events, DXY 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.
