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Minutes of the October 29-30 FOMC meeting showed Fed members unanimously rejected negative interest rates and judged further cuts unnecessary near term. The minutes described the US economy as resilient, with trade war risks still elevated.
Holding rates steady supports the dollar and reduces the cheap-money effect that has supported commodities. The effect on feed prices is indirect.
businesstimes.com.sgNov 20, 2019After 53 past bullish report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (51% higher; middle half -0.4% to +0.5%), 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.
