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Minutes from Janet Yellen's final Fed meeting as governor came in more hawkish than expected, unsettling markets. Gold weakened on expectations of higher rates, while the US dollar index rebounded.
A firmer dollar and higher real rates weigh on dollar-priced commodities, a routine macro move for feed markets.
moneyweek.comJohn StepekFeb 24, 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.
