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The Federal Reserve held its benchmark rate at 3.75% to 4% in a 10-2 vote, with two governors dissenting in favour of a hike. The decision follows a September quarter-point increase and comes hours after the Bank of Canada raised rates; the Fed described the economy as expanding at a strong pace while inflation remains elevated at 3.7% year over year.
A Fed hold with hawkish dissent keeps the dollar supported and tightens financial conditions, which can weigh on dollar-denominated commodity prices and firm the loonie relative to the greenback for Canadian-linked trade.
seriouspick.comNews DeskNov 2, 2026After 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.
