
Rabobank says recent comments from Fed officials reflect a more hawkish tone, citing persistent core inflation, particularly in services, and leaving room for further rate hikes. Markets are awaiting October CPI; surveyed analysts expect monthly inflation to cool to 0.3% from 0.6%.
Hawkish Fed expectations can support the dollar, potentially making dollar-priced commodities more expensive for foreign buyers. The CPI outcome remains uncertain, so the price implication is limited.
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.