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Cleveland Fed President Loretta Mester outlined the economic outlook, noting US growth near 3% and inflation at the 2% target with strong labor markets. She discussed the transition to more normal monetary policy.
Signals of continued Fed tightening support the dollar and can weigh on dollar-priced commodities. The speech is a policy outlook with no immediate supply or demand effect on feed markets.
clevelandfed.orgMester, Loretta J.Oct 25, 2018After 2,356 past bullish macro events, DXY 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.
