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The U.S. economy grew below President Trump's 3% target in 2019. Economists expect the expansion, now in its 11th year, to continue and a recession is seen as unlikely.
The Fed signaled moderate growth but flagged risks including the coronavirus outbreak in China.
Slower US growth and demand risks weigh on energy and industrial commodities, while the coronavirus risk to China's demand is a further downside factor for feed commodities.
reuters.comLucia MutikaniJan 30, 2020After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
