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The article previews the FOMC rate decision due November 1, with no change in rates expected. Markets are watching the statement for signs of a possible December hike, and the hurricanes that hit parts of the US are also cited as a factor.
The outcome sets the tone for dollar direction and US rate expectations, which influence dollar-priced commodities. With no change expected, the immediate price impact for feed markets is limited.
investing.comHenry LiuOct 30, 2017After 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.
