◂ Event Timeline

Feb 21, 2024MACROUS

Examining the Recent Inflation Episode, the Fed’s Response, and Effects on Markets

Federal Reserve staff examine the post-pandemic inflation episode and the Fed's policy tightening response. They note that the inflation rise significantly exceeded market expectations and forecasts, and that disinflation is still ongoing.

WHY IT MATTERS

This is background analysis on monetary policy with no new policy decision. It has no direct effect on feed commodity supply, demand or prices.

AFFECTSDXY

SOURCE
tellerwindow.newyorkfed.orgRoberto Perli, Eric LeSueurFeb 21, 2024

Price reaction & history

DXYno directional readSO FAR1d +0.0%5d -0.0%20d -0.1%

After 4,478 past macro events, DXY moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% over 20.

May 8, 2025How the Fed’s Hold on Rates Is Affecting Stock, Bond, and Commodity Markets | Investing.com+0.5%
Dec 14, 2022EUR/USD Turns to the Fed & the ECB, After Tuesday’s Jump on Softer US CPI Inflation | FXCM Markets+0.2%
Jun 12, 2024European markets watch Fed decision, U.S. inflation data-0.0%
Jan 28, 2022LIVE MARKETS Spending, income, inflation, sentiment: Consumers sing the blues-0.9%
Mar 7, 2024Markets see clearer ECB rate-cut roadmap as inflation fog lifts - The Globe and Mail-0.4%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

DXY · GP ▸

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