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Cleveland Fed President Loretta Mester spoke in Pittsburgh on the national and regional economic outlook and the monetary policy framework. She described how regional business contacts inform FOMC decisions aimed at maximum employment and price stability.
General outlook remarks offer little new information on rate-hike timing or demand, so the direct effect on feed commodity prices is minimal.
clevelandfed.orgMester, Loretta J.Nov 30, 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.
