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FOMC minutes from the March meeting show the Fed halted planned rate hikes because of concern about slowing U.S. and global growth and unexpectedly subdued inflation. Officials remained patient, and the dot plot pointed to no rate increase in 2019.
A Fed on hold for longer tends to weaken the dollar and support commodity prices, while lower-for-longer rate expectations reduce the carrying cost of holding inventories. Direct impact on feed grain prices is modest.
marketwatch.comJeffry BartashApr 10, 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.
