
San Francisco Fed President Mary Daly said the strong jobs report showed the economy was solid and gave policymakers latitude to bring inflation down. She said the Fed would need to tighten policy further, while describing the decision to hold rates at the previous meeting as appropriate amid uncertainty.
A more hawkish rate outlook may support the U.S. dollar and weigh on dollar-priced commodities, although the comments do not directly change agricultural supply or demand.
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.