
San Francisco Fed President Mary Daly said further monetary tightening will likely be needed to bring inflation under control, while leaving the timing and size of any rate increases dependent on incoming data. Her comments, alongside a stronger-than-expected U.S. jobs report, lifted expectations for higher U.S. interest rates and supported the dollar.
Higher rate expectations can strengthen the dollar, making dollar-priced feed commodities more expensive for buyers using other currencies and potentially weighing on prices. The article does not identify a specific commodity-market move.
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.