
Chicago Fed President Austan Goolsbee said recent consumer price inflation was “borderline disturbing,” citing persistent services inflation and concerns that price pressures could become embedded in expectations. He said inflation remains a major concern and that policymakers must bring it back to target.
Persistent inflation may keep U.S. interest rates higher for longer, supporting the dollar and raising the cost of dollar-priced feed imports for buyers in weaker-currency markets.
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.