# What are the key takeaways from the recent FOMC meeting? | IG International

> The Federal Reserve kept its benchmark rate unchanged at 5.25%-5.50%, as fully expected by markets. Powell said the risks of doing too much versus too little on inflation are becoming more balanced, and the Fed statement acknowledged tighter financial conditions from higher long-term yields.

- Date: 2023-11-02 · published 2023-11-02T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/11461-what-are-the-key-takeaways-from-the-recent-fomc-meeting-ig-international
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Signals that the Fed may be near the end of its hiking cycle weaken the dollar, which tends to support dollar-priced commodities and feed ingredients.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-02-01 | [Yen Rises as Warning From Takaichi Raises Intervention Risk](https://feedsoft.ai/events/21295-yen-rises-as-warning-from-takaichi-raises-intervention-risk.md) | +0.3% | +0.7% |
| DXY | 2021-01-28 | [Thoughts on the January 27 FOMC Meeting - ActionForex](https://feedsoft.ai/events/49067-thoughts-on-the-january-27-fomc-meeting-actionforex.md) | +0.2% | -0.1% |
| DXY | 2022-07-29 | [Outlook for USD/JPY as yen takes advantage of USD weakness and sentiment change \| IG International](https://feedsoft.ai/events/40734-outlook-for-usd-jpy-as-yen-takes-advantage-of-usd-weakness-and-sentiment-change.md) | -0.2% | +0.8% |
| DXY | 2019-11-15 | [The international and domestic forex markets have seen many unexpected movements recently - Vietnam Insider](https://feedsoft.ai/events/56371-the-international-and-domestic-forex-markets-have-seen-many-unexpected.md) | -0.1% | -0.9% |
| DXY | 2020-05-12 | [More Accommodation Coming from the Federal Reserve? - ADM Investor Services](https://feedsoft.ai/events/53038-more-accommodation-coming-from-the-federal-reserve-adm-investor-services.md) | -0.4% | -3.8% |
| CORN | 2021-04-30 | [Inflationary Signs Are Everywhere In The Commodities Market \| Investing.com](https://feedsoft.ai/events/47516-inflationary-signs-are-everywhere-in-the-commodities-market-investing-com.md) | +5.0% | -2.1% |
| CORN | 2021-05-01 | [Why prices of commodities, from metals to food, are soaring](https://feedsoft.ai/events/11301-why-prices-of-commodities-from-metals-to-food-are-soaring.md) | +2.8% | -6.2% |
| CORN | 2023-01-03 | [How Consumers and Businesses are Reacting to Food Price Inflation - Euromonitor.com](https://feedsoft.ai/events/12190-how-consumers-and-businesses-are-reacting-to-food-price-inflation-euromonitor.md) | -2.2% | -1.0% |

## Sources

- ig.com: https://www.ig.com/en/news-and-trade-ideas/fomc-round-up--us-dollar-struggles--nasdaq-100-bounces-off-chann-231102

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.