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Fastmarkets reports that analysts expect modestly higher US interest rates to have little near-term effect on metals markets. The FOMC's December 14 hike to 0.50-0.75 percent was widely anticipated and largely priced in.
Metals analysts see limited impact from rate hikes until rates reach about 2 percent, so there is little direct read-across to feed commodity prices.
fastmarkets.comGeneric people pageDec 23, 2016After 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.
