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The Federal Reserve held its benchmark rate unchanged at its May 3, 2017 meeting, while describing Q1 growth slowdown as likely transitory and emphasizing labor market strength. The central bank reaffirmed its plan for two more rate hikes in 2017.
A firmer Fed path supports the dollar, which tends to pressure dollar-denominated grain and oilseed prices and can weigh on export competitiveness.
financialpost.comReutersMay 3, 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.
