# Fed Chair Powell addresses inflation concerns, commodities market eyes US Jobs data next week

> Powell said inflation remained too high at the Jackson Hole symposium, though he acknowledged progress. He suggested rates could stay elevated for an extended period and left room for more hikes. Commodity markets were positioned for volatility ahead of US jobs and PCE data that week.

- Date: 2023-08-27 · published 2023-08-27T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/34485-fed-chair-powell-addresses-inflation-concerns-commodities-market-eyes-us-jobs
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of restrictive policy for longer support the dollar and add volatility to commodity markets, with indirect effects on feed input prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-06-29 | [Commodity markets to focus on US Jobs data, comments from Fed chair for clearer insights on policy outlook next week](https://feedsoft.ai/events/29640-commodity-markets-to-focus-on-us-jobs-data-comments-from-fed-chair-for-clearer.md) | -0.7% | -0.1% |
| DXY | 2026-03-18 | [Gold Tumbles as Powell’s Inflation Concerns Dash Easing Bets](https://feedsoft.ai/events/20074-gold-tumbles-as-powell-s-inflation-concerns-dash-easing-bets.md) | +0.2% | -1.2% |
| DXY | 2020-10-22 | [Goldman Sachs: Commodities bull market ahead on dollar, inflation risk](https://feedsoft.ai/events/50555-goldman-sachs-commodities-bull-market-ahead-on-dollar-inflation-risk.md) | +0.8% | -1.1% |
| DXY | 2021-03-19 | [WCU: Commodity markets consolidate with one eye on inflation \| Saxo](https://feedsoft.ai/events/5670-wcu-commodity-markets-consolidate-with-one-eye-on-inflation-saxo.md) | +1.1% | -0.1% |
| DXY | 2025-03-07 | [US dollar sags after weaker-than-expected jobs data, Fed's Powell comments](https://feedsoft.ai/events/5802-us-dollar-sags-after-weaker-than-expected-jobs-data-fed-s-powell-comments.md) | -0.1% | -1.1% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/commodities/fed-chair-powell-addresses-inflation-concerns-commodities-market-eyes-us-jobs-data-next-week-11265531.html

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