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Capital Economics reports that commodities largely ignored the Fed's December 2016 rate hike. Some industrial metals traded higher after the FOMC meeting.
Limited commodity reaction suggests the rate hike was already priced in, so feed price direction is more likely to be driven by supply factors than by monetary policy.
capitaleconomics.comCapital Economics EconomistDec 16, 2016Not 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.
