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The Fed voted unanimously to hold rates steady while signaling one more hike this year, a day before Trump was due to name his Fed chair pick. Pricing in futures implied an 85% chance of a December quarter-point increase.
A confirmed December hike path supports the dollar and raises financing costs, which can weigh on dollar-priced commodities and export demand. The move is widely expected, so the price impact is moderate.
pressenterprise.comBloombergNov 1, 2017After 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.
