
San Francisco Fed President Mary Daly said inflation is the key problem and that the bias is for rates to go up, adding that a further hike is likely. She noted producers want to pass on costs and that consumer spending has been resilient.
Her remarks came on Friday, November 13.
Expectations of further tightening support the dollar and raise financing costs for feed mills, feedlots and farmers, which can dampen demand for feed ingredients and weigh on commodity prices.
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.