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Kevin Warsh has been nominated by President Trump as the next Federal Reserve Chair to succeed Jay Powell, who steps down in May. The Fed has held rates steady, and markets expect a rate cut in June and another before year-end.
Rate expectations drive the dollar and commodity valuations, and a firmer or softer Fed path shifts currency and financing conditions for importers of feed ingredients. The direct effect on feed prices is modest and indirect.
columbiathreadneedle.comAnthony Willis Senior Economist, Multi-Asset Solutions teamNov 3, 2026After 359 past neutral macro events, DXY 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.
