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The Federal Reserve issued its December 13, 2017 FOMC statement, saying the labor market has strengthened and economic activity is rising at a solid rate. It said hurricane-related disruptions have not materially altered the national outlook and that inflation remains somewhat below its 2 percent objective.
A steady, gradual tightening path supports the dollar and can firm borrowing costs for feed and livestock operations, though the statement itself does not signal a sharp move in grain prices.
federalreserve.govDec 13, 2017After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% 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.
