
Fed Governor Christopher Waller said he would support a December rate hike and could favor a 50-basis-point increase if core CPI reached 0.3% or higher. Core CPI came in at 0.3%, prompting a hawkish repricing that lifted Treasury yields and the US dollar and pressured gold; the article also says stalled US-Iran talks could support oil prices.
Higher expected US rates and a stronger dollar can weigh on dollar-priced commodities, while stalled diplomacy could keep an additional risk premium in oil. The article does not identify a direct feed-commodity supply or demand change.
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.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% 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.