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The 10-year Treasury yield rose to 2.75% after the Fed said inflation would move higher this year, then pulled back later in the day. The Fed left its benchmark rate unchanged and expects three hikes this year.
Higher yields and expected rate increases raise the cost of carrying inventories and can firm the dollar, weighing on commodity prices.
cnbc.comAlexandra Gibbs, Thomas FranckJan 31, 2018After 2,356 past bullish macro events, DXY 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.
