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The Fed's 25-basis-point cut on July 31 was the first reduction in a decade and followed a three-year tightening cycle. Markets had largely priced it in, but US equities fell after the announcement because investors had hoped for a more aggressive or dovish signal.
A policy path that is less dovish than expected tightens financial conditions and can weigh on risk assets and commodity prices. The trade war remains a key drag on US growth and export demand.
jesmondmizzi.comGabriel MansuetoAug 3, 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.
