# Commodities largely shrug off Fed rate hike | Capital Economics

> Capital Economics reports that commodities largely ignored the Fed's December 2016 rate hike. Some industrial metals traded higher after the FOMC meeting.

- Date: 2016-12-16 · published 2016-12-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/73379-commodities-largely-shrug-off-fed-rate-hike-capital-economics
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Sources

- capitaleconomics.com: https://www.capitaleconomics.com/clients/publications/commodities-overview/commodities-weekly-wrap/commodities-largely-shrug-off-fed-rate-hike

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