
Dallas Fed President Lorie Logan called for at least two more 25-basis-point rate hikes on October 30, and St. Louis Fed President Musalem said firming would be necessary soon. The S&P 500 ETF SPY fell 1.77% that day amid an AI-related selloff that left the Nasdaq at a three-month low.
Hawkish Fed signals strengthen the dollar and tighten financial conditions, adding pressure on equity-linked risk appetite and dollar-priced commodity 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.