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The Federal Reserve raised its benchmark rate to 0.75% from 0.50%, as widely expected. It also projected three rate increases in 2017, up from two, and revised up its growth and inflation outlook.
Higher US rates and a firmer outlook have pushed Treasury yields and the dollar higher, which can weigh on dollar-priced commodities and raise financing costs for feed buyers.
etfdb.comIuri StrutaDec 15, 2016After 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.
