◂ Event Timeline

Mar 26, 2019MACROUS

It's not too soon for a Fed interest rate cut, according to this chart

Markets priced in a quarter-point Fed rate cut for 2019 days after the Fed forecast no hikes. Natixis economist Joseph LaVorgna noted that the historical gap between the last hike and the first cut has averaged 6.6 months.

WHY IT MATTERS

Expected rate cuts weaken the dollar and can support commodity prices, but the commentary is about rate expectations rather than a direct supply or demand change for feed.

AFFECTSUS Dollar (Broad)▼

SOURCE
cnbc.comPatti DommMar 26, 2019

Price reaction & history

US Dollar (Broad)▼bearishSO FAR1d +0.2%5d +0.5%20d +0.3%

After 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.

Oct 31, 2019Gold gains as dollar weakens after Fed's interest rate cut-0.1%
Sep 22, 2024What Impact Will the Fed's Interest Rate Cut Have on the Indonesian Economy?-0.2%
Aug 28, 2020Fed: We really, really, really aren’t going to raise rates soon… | articles | ING THINK-0.5%
Dec 1, 2023Gold hits record high on bets for March start to Fed rate cuts+0.3%
Aug 26, 2024Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve+0.7%

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.

US Dollar (Broad) DXY · GP ▸

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