Credit Suisse analyst Damien Boey comments that the Fed cut rates by 25 basis points to 1.75-2% and cut the interest rate on excess reserves by 30 basis points. Officials signalled no further cuts this year, and three members dissented.
Bonds sold off at the short end after the announcement.
A hawkish easing reduces expectations of further dollar weakness, which can keep the dollar supported against feed-exporting currencies. The lack of further cuts also limits the boost to commodity prices from cheaper credit.
Setelah 359 peristiwa makro netral sebelumnya, Dolar AS (Luas) bergerak median -0,0% selama 5 sesi (49% lebih tinggi; separuh tengah -0,4% sampai +0,4%), dan -0,1% 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.