# Peeling the Inflation Onion, Revisited

> New York Fed President John Williams published remarks arguing that inflation, at 3.5% on the PCE measure, is still too high despite falling from its 2022 peak. He described the outer layer of inflation as globally traded commodities including grains and oil.

- Date: 2023-09-29 · published 2023-09-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/34008-peeling-the-inflation-onion-revisited
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The speech signals sustained tight monetary policy, which supports the dollar and tends to pressure commodity prices. Its direct effect on feed markets is limited.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-10-03 | [Peeling the inflation onion, revisited \| Bank for International Settlements](https://feedsoft.ai/events/33533-peeling-the-inflation-onion-revisited-bank-for-international-settlements.md) | -0.1% | +0.6% |
| DXY | 2017-05-30 | [Inflation is the Key \| OANDA](https://feedsoft.ai/events/71216-inflation-is-the-key-oanda.md) | -0.4% | -0.6% |
| DXY | 2024-11-14 | [Morning Bid: A twist in the U.S.'s inflation tale?](https://feedsoft.ai/events/11854-morning-bid-a-twist-in-the-u-s-s-inflation-tale.md) | -0.1% | -0.0% |
| DXY | 2026-10-08 | [Mexican Peso dives on solid US data despite rising inflation](https://feedsoft.ai/events/17274-mexican-peso-dives-on-solid-us-data-despite-rising-inflation.md) | +0.3% | — |
| DXY | 2023-02-27 | [Won drops to 2023 lows on renewed inflation concerns](https://feedsoft.ai/events/37543-won-drops-to-2023-lows-on-renewed-inflation-concerns.md) | -0.7% | -0.9% |

## Sources

- tellerwindow.newyorkfed.org: https://tellerwindow.newyorkfed.org/2023/09/29/peeling-the-inflation-onion-revisited/

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