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Fed Chair Janet Yellen told Congress that Trump's election does not change the Fed's plan to raise rates relatively soon. She said the central bank would adjust its outlook as fiscal plans, including potential tax cuts and spending, take shape.
Signals of faster Fed tightening support the dollar and higher US yields, which can weigh on dollar-denominated feed commodity prices and emerging-market demand.
business-standard.comReutersNov 18, 2016After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 301 past bearish macro events, CORN moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% over 20.
After 273 past bearish macro events, SOY moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% 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.
