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Three Fed officials dissented in the September vote, with two preferring no cut and one wanting a larger 50-basis-point cut. The decision lowered the fed funds range to 1.75% to 2%, the first time in three years three voting members dissented.
The split vote signals uncertainty about further easing, which can support the dollar and weigh on dollar-priced commodities. The direct effect on feed prices is limited.
cnbc.comPatti DommSep 18, 2019After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), 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.
