# Commodities zoom in on FOMC minutes, Fed speeches, Flash PMI numbers this week

> Commodities except gold closed higher after US data and Fed speeches. January CPI came in at 3.1% with core steady at 3.9%, while retail sales fell 0.8%, shifting expectations for the timing of the first Fed cut. The dollar retreated from a three-month high.

- Date: 2024-02-19 · published 2024-02-19T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/31576-commodities-zoom-in-on-fomc-minutes-fed-speeches-flash-pmi-numbers-this-week
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Shifting rate-cut expectations drive dollar and yield moves that feed into commodity prices, though the effect on feed inputs is secondary.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-06-20 | [The Commodities Feed: Dovish Fed sees commodities rally \| snaps \| ING THINK](https://feedsoft.ai/events/58509-the-commodities-feed-dovish-fed-sees-commodities-rally-snaps-ing-think.md) | -1.1% | -0.8% |
| DXY | 2023-04-12 | [The Commodities Feed: All eyes on US CPI \| articles \| ING THINK](https://feedsoft.ai/events/36345-the-commodities-feed-all-eyes-on-us-cpi-articles-ing-think.md) | -0.4% | -0.6% |
| DXY | 2021-02-17 | [Fed minutes show willingness to steer past coming jump in inflation \| Reuters](https://feedsoft.ai/events/48543-fed-minutes-show-willingness-to-steer-past-coming-jump-in-inflation-reuters.md) | +0.1% | +1.1% |
| 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 | 2021-08-27 | [The Commodities Feed: USD holds the market back \| snaps \| ING THINK](https://feedsoft.ai/events/45481-the-commodities-feed-usd-holds-the-market-back-snaps-ing-think.md) | -0.9% | -0.0% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/commodities/commodities-zoom-in-on-fomc-minutes-fed-speeches-flash-pmi-numbers-this-week-12299401.html

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