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Federal Reserve officials voted unanimously to hold interest rates steady at their December meeting, after cutting three times in 2019 to offset slowing global growth and the US-China trade war. Several officials indicated little need for changes soon.
A steady policy stance removes near-term easing that would weaken the dollar, leaving currency-driven support for commodity prices limited.
reuters.comJonnelle MarteDec 17, 2019After 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.
