
US October CPI and core CPI both exceeded forecasts, lifting the dollar and Treasury yields. Dallas Fed President Lorie Logan called for at least two more quarter-point rate increases and said the Fed could move faster, while traders priced in a high probability of a December hike; the yen weakened against the dollar.
The prospect of higher US rates supports the dollar and keeps pressure on the yen amid the wide US-Japan yield gap. Currency shifts can affect the relative cost of imported feed and commodities.
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.
Not enough comparable past events yet for a historical read.
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.