# The commodity transmission channel of monetary policy and inflation dynamics

> A CEPR column examines whether the commodity price channel is a material route through which monetary policy, especially US policy, affects inflation in the US and globally. It cites recent inflation swings as partly driven by commodity price fluctuations and discusses how Fed rate changes affect storage costs, consumption and financial conditions.

- Date: 2024-06-01 · published 2024-06-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/30141-the-commodity-transmission-channel-of-monetary-policy-and-inflation-dynamics
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The analysis links US rate policy to commodity price moves, but it is a general economic study rather than a new supply or demand event, so its direct effect on feed prices is limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-01-09 | [Precious metals outlook hinges on the interplay between inflation and monetary policy](https://feedsoft.ai/events/37700-precious-metals-outlook-hinges-on-the-interplay-between-inflation-and-monetary.md) | -1.6% | -0.4% |
| DXY | 2023-04-04 | [Lisa D Cook: The US economic outlook and monetary policy](https://feedsoft.ai/events/36300-lisa-d-cook-the-us-economic-outlook-and-monetary-policy.md) | +0.4% | +0.1% |
| DXY | 2016-11-30 | [The National and Regional Economic Outlook and Monetary Policy](https://feedsoft.ai/events/73751-the-national-and-regional-economic-outlook-and-monetary-policy.md) | -0.6% | +1.3% |
| DXY | 2022-06-02 | [An Update on the Economy and Monetary Policy](https://feedsoft.ai/events/40854-an-update-on-the-economy-and-monetary-policy.md) | -0.3% | +1.9% |
| DXY | 2019-09-22 | [Markets swing on trade and monetary policy](https://feedsoft.ai/events/57273-markets-swing-on-trade-and-monetary-policy.md) | +0.5% | -1.0% |

## Sources

- cepr.org: https://cepr.org/voxeu/columns/commodity-transmission-channel-monetary-policy-and-inflation-dynamics

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