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The Federal Reserve raised its benchmark rate by a quarter point to 2.25%-2.5%, its fourth hike this year and the highest level since 2008. The move raises borrowing costs for consumers and businesses.
Higher U.S. rates tend to strengthen the dollar and tighten financial conditions, which can weigh on commodity prices and demand.
apnews.comMARTIN CRUTSINGERDec 20, 2018After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
