
Richmond Fed President Thomas Barkin said inflation risks outweigh risks to the other side of the Fed’s mandate and urged policymakers to move carefully. He cited resilient demand and broad-based cost increases, with businesses indicating they may pass higher costs on to customers.
A cautious, potentially hawkish rate path can support the US dollar and weigh on dollar-denominated commodity prices, although the remarks do not establish a new policy decision.
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.