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CME FedWatch odds of a December Fed rate hike rose to 87%, up from 30% a month earlier. The commentary also notes that Japan's central bank continues to ease while the Fed tightens.
Rising odds of U.S. tightening support the dollar and pressure dollar-priced commodities. The effect is a macro backdrop rather than a direct feed supply shock.
stansberryresearch.comJustin BrillOct 10, 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.
