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The Fed held rates steady on June 19 but indicated a cut could come soon, a shift from seven weeks earlier. Chairman Powell cited slowing global growth and worsening US-China trade tensions as the reasons.
A weaker global growth outlook and trade friction reduce demand expectations for commodities and can weigh on prices, while easier policy may partly offset this through a weaker dollar.
wsj.comGreg IpJun 20, 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.
