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Federal Reserve Chairman Jerome Powell is changing his message to signal a more cautious approach to further rate hikes, as the Fed is expected to raise rates next month. Policymakers believe rates are at or near neutral.
The shift opens the door to a slowdown in tightening.
A slower Fed path weakens the dollar, which tends to support US dollar-priced grains and meals. It also eases financing costs for feed and livestock operators.
reuters.comAnn SaphirNov 29, 2018After 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.
