Two Fed officials, including Dallas Fed President Lorie Logan and St. Louis Fed President Roberto Musalem, said further rate hikes would be needed soon to counter inflation after the Fed held rates steady. Their comments follow the Fed's vote to keep policy unchanged.
Expectations of further Fed tightening support the dollar and raise borrowing costs, which can weigh on dollar-priced commodities and farm credit conditions.
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.