Loading…
The US Federal Reserve kept its benchmark rate unchanged at 1.00 to 1.25 percent, citing persistently low inflation even as the job market strengthened. The Fed still expects further gradual rate hikes, though many economists see none this year unless inflation picks up.
The rupee surged against the dollar after the decision.
A less hawkish Fed weakens the dollar, which tends to support dollar-priced grain and oilseed markets and lowers the rupee cost of imports.
simplehai.axisdirect.inAxisDirectJul 27, 2017After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
