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The Federal Reserve cut its short-term policy rate by 25 basis points to a range of 1.5% to 1.75%, its third cut in 2019. It signaled no further cuts unless clear evidence of economic weakness emerges.
Lower US borrowing costs can support the dollar-sensitive commodity complex and financing for feed and livestock operations, though the signaled pause limits further easing. The effect on grain and feed prices is indirect.
apnews.comCHRISTOPHER RUGABEROct 30, 2019After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
