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Ahead of the Fed's December 13 meeting, bond and currency traders were pricing near certainty of a quarter-point rate hike. Attention centered on how the Fed would treat pending US tax reform and the leadership change from Janet Yellen to Jerome Powell.
Expectations for Fed policy and fiscal stimulus drive dollar and Treasury yield moves, which in turn affect the relative value of dollar-priced commodities and export competitiveness for feed inputs.
marketwatch.comAnneken Tappe, Sunny OhDec 13, 2017After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), 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.
