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Fed officials including Richard Clarida, Lael Brainard and John Williams signaled a pause in rate changes at the March 19-20 meeting. They indicated the policy rate would hold at 2.25% to 2.5% for several meetings after that.
A steady-rate outlook reduces pressure for dollar strength, a modest support for dollar-priced feed commodities.
bloomberg.comCraig Torres, Christopher CondonMar 9, 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.
