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New York Fed President John Williams said inflation remains too elevated and that the central bank will have to act over time to return inflation to 2%. He described the US economy as resilient and robust but not overheating.
Hawkish Fed signals support the dollar and raise rate expectations, which can pressure commodity prices and increase the cost of carrying feed inventories.
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.