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Yellen said the Fed expects to raise rates gradually over the next three years. The Fed's policy rate is currently below the level that would either spur or restrain growth.
Gradual hikes support a firmer dollar over time, which tends to pressure dollar-priced grain and oilseed prices. The impact is expected to be modest.
apnews.comMartin CrutsingerJan 18, 2017After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% 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.
