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The Fed raised interest rates and lowered its forecast to two hikes in 2019, citing slower global growth, the stock market plunge and a strong dollar that makes US exports more expensive. The article is dated January 1, 2019 but describes the December 2018 decision.
Fewer expected hikes and a concern over strong-dollar export costs point to a softer dollar outlook, a modestly supportive factor for US dollar-priced feed exports.
usatoday.comPaul DavidsonJan 1, 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.
