Loading…
The Fed's post-meeting statement says the Committee decided to raise the federal funds target range to 2% to 2-1/4%. It also says further gradual increases are expected.
Confirmation of further gradual hikes supports a firmer dollar, which can pressure dollar-denominated grain, oilseed and energy prices. Buyers in other currencies face higher effective costs.
apnews.comSep 26, 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.
