# Fed's Powell sees lower rates on the horizon as inflation ebbs, economy bounces ahead | Reuters

> Fed Chair Powell said rate cuts would not be appropriate until there is greater confidence that inflation is moving toward the 2% target. The central bank kept its overnight rate in the 5.25%-5.50% range. Markets are reading the remarks as a signal that easing is on the horizon as inflation cools.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/32027-fed-s-powell-sees-lower-rates-on-the-horizon-as-inflation-ebbs-economy-bounces
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected future rate cuts support a weaker dollar over time, which tends to lift dollar-priced commodities such as grains and oilseeds. The timing of cuts remains uncertain.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-06-19 | [Loonie rallies as hotter inflation clips rate cut bets \| Reuters](https://feedsoft.ai/events/58829-loonie-rallies-as-hotter-inflation-clips-rate-cut-bets-reuters.md) | -1.1% | -0.9% |
| DXY | 2023-04-12 | [Oil rises 2% on lower-than-expected US inflation data \| Reuters](https://feedsoft.ai/events/36559-oil-rises-2-on-lower-than-expected-us-inflation-data-reuters.md) | -0.4% | -0.6% |
| DXY | 2023-02-01 | [Dollar falls to nine-month low as Powell notes progress in disinflation \| Reuters](https://feedsoft.ai/events/37522-dollar-falls-to-nine-month-low-as-powell-notes-progress-in-disinflation-reuters.md) | +1.1% | +1.4% |
| DXY | 2022-09-09 | [Dollar slides as investors balance positions ahead of U.S. inflation data \| Reuters](https://feedsoft.ai/events/39800-dollar-slides-as-investors-balance-positions-ahead-of-u-s-inflation-data-reuters.md) | +0.2% | +2.1% |
| DXY | 2022-12-01 | [Dollar index lowest since August as inflation moderates \| Reuters](https://feedsoft.ai/events/38417-dollar-index-lowest-since-august-as-inflation-moderates-reuters.md) | -0.6% | -1.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/feds-faith-immaculate-disinflation-narrative-put-test-2024-01-31/

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