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Powell told the Jackson Hole symposium that the gradual normalization of rates remains appropriate. The remarks pointed to a September hike and kept the path of gradual tightening intact.
A gradual Fed path limits dollar strength, which helps keep dollar-priced commodities and export demand from weakening sharply.
bloomberg.comChristopher CondonAug 24, 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.
