# Fed's Williams: War shock is about prices, but also unavailable commodities

> New York Fed President John Williams said the current policy stance is well calibrated for risks from the Middle East conflict. He noted the shock affects both prices and the availability of some commodities, and that inflation will run above 3% in coming months.

- Date: 2026-04-16 · published 2026-04-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/19651-fed-s-williams-war-shock-is-about-prices-but-also-unavailable-commodities
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Commentary that the Fed is in no hurry to ease keeps the dollar and rate expectations firm, which matters for dollar-priced commodities. Unavailable commodities signal ongoing supply stress without a specific price move.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-08-24 | [The Assay - Why the FED’S actions are bullish for commodity prices](https://feedsoft.ai/events/69364-the-assay-why-the-fed-s-actions-are-bullish-for-commodity-prices.md) | -0.4% | -0.8% |
| DXY | 2023-10-03 | [The Commodities Feed: It’s all about the yields \| articles \| ING THINK](https://feedsoft.ai/events/33531-the-commodities-feed-it-s-all-about-the-yields-articles-ing-think.md) | -0.1% | +0.6% |
| DXY | 2021-04-30 | [Inflation-tolerant Fed will boost commodity prices \| Reuters](https://feedsoft.ai/events/47512-inflation-tolerant-fed-will-boost-commodity-prices-reuters.md) | +0.1% | -0.8% |
| DXY | 2019-06-19 | [Commodities outlook: It's all action as Fed decides](https://feedsoft.ai/events/58511-commodities-outlook-it-s-all-action-as-fed-decides.md) | -1.1% | -0.9% |
| DXY | 2020-08-28 | [The Fed and gold: Powell's policy shift affects gold commodity prices](https://feedsoft.ai/events/51523-the-fed-and-gold-powell-s-policy-shift-affects-gold-commodity-prices.md) | -0.5% | +1.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/feds-williams-war-shock-is-about-prices-but-also-unavailable-commodities-202604161441

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