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Fed Chairman Jerome Powell said on Tuesday that US growth should remain solid this year despite rising risks and soft recent data. He added that the Fed will stay patient in deciding whether to raise rates further.
A patient Fed reduces the likelihood of further rate hikes, which tends to weaken the dollar and support dollar-denominated commodity prices.
reuters.comFeb 26, 2019After 1,637 past bearish macro events, DXY 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.
