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The Federal Reserve under Chairman Kevin Warsh kept its benchmark rate at 3.75 to 4.00 percent, citing persistent inflation and third-quarter annualized growth of 3.4 percent. Two policymakers dissented in favor of an immediate increase.
Higher-for-longer US rates support the dollar and raise financing costs for feed producers and livestock operators, which can weigh on commodity demand and prices.
After 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.