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The Fed raised rates by a quarter point to 2%-2.25%, its eighth hike since late 2015 and third of 2018. It kept its forecast for three more hikes in 2019.
A signalled path of further hikes keeps the dollar supported, which can cap dollar-priced commodity prices and raise import costs for emerging-market feed buyers.
apnews.comMARTIN CRUTSINGERSep 27, 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.
