
Federal Reserve Governor Christopher Waller said US interest rates may need to rise further because monetary policy is not restrictive enough to bring inflation down. He said an October monthly inflation reading around 0.3% could warrant more aggressive action and indicated that a half-point December hike may be considered; the dollar rebounded after his remarks.
A more hawkish rate outlook can support the US dollar and tighten financial conditions, potentially weighing on dollar-denominated commodity demand. The report does not indicate a direct change in feed supply or demand.
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.