Three Fed officials, including Dallas Fed President Logan, called for further rate hikes on October 30, with Logan urging at least two 25bp increases. The FOMC unanimously held the target range at 3.75%-4.00% at its latest meeting.
Hawkish Fed signals support the dollar and raise financing costs, which tends to pressure commodity prices and strengthen the dollar against currencies of major grain and feed exporters.
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.