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The Federal Reserve reported that the US economic recovery accelerated in recent weeks despite supply chain problems and hiring difficulties. Prices were rising and were expected to keep rising.
Stronger growth and rising prices point to firmer demand for energy and food commodities, while inflation expectations could influence rates and the dollar.
reuters.comHoward SchneiderJun 2, 2021After 359 past neutral macro events, DXY 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.
