
The Fed held its policy rate at 3.50% to 3.75% but its updated projections flipped the 2026 rate path from a cut to a hike bias. The median 2026 PCE inflation forecast rose to 3.6% from 2.7%, and EUR/USD fell about 50 pips on the release.
A shift toward Fed hikes strengthens the dollar, which typically pressures dollar-priced grain and oilseed prices. Higher US rates also raise borrowing costs for feed businesses.
Setelah 2.356 peristiwa makro bullish sebelumnya, Dolar AS (Luas) bergerak median +0,2% selama 5 sesi (60% lebih tinggi; separuh tengah -0,3% sampai +0,7%), dan +0,4% selama 20 sesi.
Setelah 533 peristiwa makro bearish sebelumnya, Euro (USD per EUR) bergerak median -0,3% selama 5 sesi (33% lebih tinggi; separuh tengah -1,2% sampai +0,2%), dan -0,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
The Fed's projections shifted from a cut bias to a hike bias, triggering the initial EUR/USD drop that carried into the 1-day move.
The Fed's projection shift from cuts to a hike bias and higher PCE inflation forecast fueled dollar demand via rate differentials.