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The Federal Reserve cut rates by a quarter point amid low inflation and risks from the US-China trade war, and markets fell because the chairman did not commit to further cuts. President Trump publicly criticized the Fed, saying the market wanted a lengthy and aggressive easing cycle.
Expectations of a looser policy path affect the dollar and risk assets, which in turn shape the cost of imported commodities for buyers. The trade war remains the main source of demand uncertainty.
nbcnews.comDavid GuraAug 1, 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.
