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Minutes from the Fed's March meeting show officials were in a wait-and-see mode and signaled no rate cuts for 2019. Members said it is too early to discuss cuts, even though markets had priced some in for late 2019.
If markets reprice toward holding rates steady, the dollar could firm and pressure dollar-denominated commodities. The effect on feed grain prices is limited.
goldprice.orgRyan PageApr 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.
