Loading…
Fed Chair Janet Yellen delivered her semiannual Monetary Policy Report testimony to the Senate Banking Committee on February 14, 2017. She reviewed job gains, a 4.8 percent unemployment rate and rising wage growth, and discussed the outlook for monetary policy.
Signals of a tightening labor market and possible further rate increases point to a firmer dollar, which tends to pressure dollar-priced commodities.
bis.orgJanet L YellenFeb 16, 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.
