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The dollar was stable on Wednesday after October consumer prices rose by the most in seven months, and Fed Chair Powell signaled the central bank would hold rates steady. Markets priced little chance of a rate cut before July 2020.
A firm dollar and reduced expectations for Fed easing weigh modestly on dollar-priced commodities, with feed ingredient costs largely driven by crop fundamentals.
cnbc.comReutersNov 13, 2019After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
