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US equity indices posted modest gains on April 29, 2024, trading in a narrow range ahead of the FOMC meeting and a busy earnings week. Treasury's higher-than-expected borrowing estimate and hotter PCE inflation data were noted, and the pound reached 2-week highs against the dollar at 1.2569.
Strong inflation data reducing the chance of rate cuts supports the dollar, which tends to weigh on dollar-priced grain and oilseed markets. The impact on feed commodities is limited on this routine session wrap.
eoption.comAuto PostApr 29, 2024Not enough comparable past events yet for a historical read.
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.
