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New York Fed President John Williams said the US economy is performing very well and the Fed is moving toward more normal monetary policy. He spoke at a Bank Indonesia central banking forum on October 10, 2018.
Continued Fed normalization supports a firmer dollar and higher emerging-market financing costs, which can squeeze importers of feed commodities. The effect on feed prices is indirect.
bis.orgOct 12, 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.
