
Markets are focused on US October CPI, due Tuesday, and PPI, due Friday, as potential influences on expectations for the Federal Reserve’s December decision. Money markets put the chance of another 25-basis-point rate increase at about 75%, leaving major markets sensitive to surprises in the reports.
Hotter inflation could strengthen expectations for a rate increase and support the dollar, while softer data could reduce those expectations. Any currency effect may flow through to the cost of dollar-priced feed inputs, but the article reports no realized price move.
After 359 past neutral macro events, US Dollar (Broad) 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.