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U.S. October consumer prices rose 0.4%, exceeding economists’ 0.3% forecast. Treasury yields climbed, while gold, silver and U.S. stock futures declined as traders increased bets on Fed rate hikes.
Higher expected U.S. rates can support the dollar and increase pressure on dollar-priced commodities. No direct change to feed supply or demand is reported.
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.