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An AP story on Jerome Powell's approach as new Fed chair describes the officials' single policy change of a quarter-point rate increase to a still-low range. The excerpt is fragmentary.
A modest, expected rate hike supports the dollar and tempers commodity sentiment, but the impact on feed prices is limited.
apnews.comJosh BoakMar 22, 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.
