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The Federal Reserve held its overnight rate at 1.00% to 1.25% and announced it will begin normalizing its balance sheet in October. Officials still projected gradual tightening and said recent hurricanes would weigh on growth in the short term.
Tighter U.S. monetary policy supports the dollar, which tends to weigh on dollar-priced commodities and raises financing costs for holding feed inventories.
economies.comRami HaddadSep 20, 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.
