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On October 30, Dallas Fed President Logan, St. Louis Fed President Musalem and Richmond Fed President Barkin publicly backed further rate hikes after the Fed held rates steady. Logan said at least two more 25 basis point hikes are needed, and the Dollar Index stayed range-bound near 101.98.
Expectations of another December hike support the dollar and raise financing costs for commodity traders and feed importers, but the stalled dollar move leaves near-term commodity price pressure limited.
fxbrokertrust.comNov 2, 2026After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), 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.
