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The US Federal Reserve raised its benchmark rate by 0.25 percentage points to a range of 0.5% to 0.75%, citing a stronger US economy. Fed officials now see up to three rate rises next year, up from two previously forecast, reflecting expected expansionary policies under Donald Trump.
Higher US rates and expected further increases support the dollar and bond yields, which tends to weigh on dollar-priced commodities and raise financing costs for feed businesses.
bbc.comEmily YoungDec 14, 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.
