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The Fed held rates steady while signaling it is in a tightening mode, moving ahead with balance sheet reduction and keeping its rate forecasts for this year and next. Treasury yields rose across the curve, with the 10-year reaching 2.28 percent.
Rising yields and a hawkish Fed strengthen the dollar, a headwind for dollar-priced commodities and a cost factor for carrying feed stocks.
cnbc.comPatti DommSep 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.
