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Reuters describes how the Federal Reserve pivoted after absorbing nearly two years of quarterly rate increases. A spike in 10-year Treasury yields and a stock slide that erased 10 percent of the S&P 500 by late November prompted the shift.
The Fed's pivot toward patience reduces the dollar's upward pressure and supports commodity prices. Financial market volatility also shifts risk appetite across commodity markets.
reuters.comHoward Schneider, Jonathan SpicerFeb 22, 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.
