# Stocks, yields slide as Fed signals no rate cut soon

> The Federal Reserve held its benchmark rate at 5.25%-5.50% and said it would not cut until inflation was moving sustainably toward 2%. Treasury yields and global equities fell sharply after the statement, and the dollar rebounded. Oil also fell on weak Chinese economic data and a US crude stock build.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/32024-stocks-yields-slide-as-fed-signals-no-rate-cut-soon
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A delayed Fed easing path keeps the dollar firm and borrowing costs high, which weighs on commodity demand and financing. Lower oil prices feed directly into biofuel and feed-freight costs.

## Read by commodity

- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-03-03 | [GLOBAL MARKETS-Stocks slide, 10-year Treasury yield hits record low after Fed's emergency rate cut](https://feedsoft.ai/events/7172-global-markets-stocks-slide-10-year-treasury-yield-hits-record-low-after-fed-s.md) | -33.6% | -66.1% |
| WTI | 2019-06-05 | [The Fed is ready to cut rates as needed - Mansfield Energy](https://feedsoft.ai/events/10751-the-fed-is-ready-to-cut-rates-as-needed-mansfield-energy.md) | -0.4% | +4.8% |
| WTI | 2020-08-18 | [Dollar extends gain but shares retreat as Fed signals stimulus](https://feedsoft.ai/events/51791-dollar-extends-gain-but-shares-retreat-as-fed-signals-stimulus.md) | -0.9% | -10.7% |
| WTI | 2022-05-23 | [Stocks rally as euro gains on likely rate hikes](https://feedsoft.ai/events/12688-stocks-rally-as-euro-gains-on-likely-rate-hikes.md) | +1.9% | -2.0% |
| WTI | 2019-09-18 | [Rand steadies as investors wait on US fed rates, stocks down - Moneyweb](https://feedsoft.ai/events/57365-rand-steadies-as-investors-wait-on-us-fed-rates-stocks-down-moneyweb.md) | -3.4% | -10.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/global-markets-wrapup-1-2024-01-31/

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