# Financial Markets Report - First Quarter of 2024

> Colombia's central bank quarterly report says inflation in developed economies surprised to the upside in Q1 2024 and remains above targets. Major central banks signaled they may keep policy rates high for longer, lifting market expectations of a higher rate path and pushing government bond prices down in most countries.

- Date: 2024-05-06 · published 2024-05-06T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/30558-financial-markets-report-first-quarter-of-2024
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher-for-longer rates strengthen the US dollar and tighten financing conditions, which can weigh on Latin American currencies and feed costs for importers of feed ingredients.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-05-14 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the First Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/53331-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -1.2% | -3.5% |
| DXY | 2023-10-30 | [Ingredients Market Report: November 2023 - Unicorn Ingredients](https://feedsoft.ai/events/33753-ingredients-market-report-november-2023-unicorn-ingredients.md) | -1.5% | -3.3% |
| DXY | 2019-09-30 | [Latam markets subdued as trade woes persist \| Financial Post](https://feedsoft.ai/events/57337-latam-markets-subdued-as-trade-woes-persist-financial-post.md) | -0.2% | -1.4% |
| DXY | 2025-02-18 | [Box A: Implications of US Policy Settings for Financial Markets \| Statement on Monetary Policy – February 2025 \| RBA](https://feedsoft.ai/events/26334-box-a-implications-of-us-policy-settings-for-financial-markets-statement-on.md) | +0.0% | -1.4% |
| DXY | 2019-07-31 | [The two words from Jerome Powell that rocked the financial markets](https://feedsoft.ai/events/58014-the-two-words-from-jerome-powell-that-rocked-the-financial-markets.md) | +0.9% | +1.8% |

## Sources

- banrep.gov.co: https://www.banrep.gov.co/en/node/62873/printable/print

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