# Eggs are cheaper now, but inflation isn't where the Federal Reserve wants it to be

> US inflation eased to 4% in May, helped by sharply lower egg and gasoline prices. Consumer prices are still elevated, and the Federal Reserve is weighing further interest rate decisions.

- Date: 2023-06-13 · published 2023-06-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/35507-eggs-are-cheaper-now-but-inflation-isn-t-where-the-federal-reserve-wants-it-to
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher-for-longer rates can strengthen the dollar and weigh on commodity prices, while lower energy costs reduce feed and freight expenses.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-03-22 | [What Is the Impact of the Federal Reserve's Latest Rate Hike on Indonesia? \| Indonesia Investments](https://feedsoft.ai/events/66316-what-is-the-impact-of-the-federal-reserve-s-latest-rate-hike-on-indonesia.md) | -0.8% | -1.3% |
| DXY | 2017-09-21 | [No Game-Changer for the US Dollar: Reactions to the Federal Reserve's September Update](https://feedsoft.ai/events/69150-no-game-changer-for-the-us-dollar-reactions-to-the-federal-reserve-s-september.md) | +1.5% | +1.9% |
| DXY | 2016-11-02 | [The Federal Reserve looks ready to roll with an interest rate hike in December](https://feedsoft.ai/events/73752-the-federal-reserve-looks-ready-to-roll-with-an-interest-rate-hike-in-december.md) | -0.6% | +3.2% |
| DXY | 2018-03-19 | [What to expect from the Federal Reserve rate meeting \| IG South Africa](https://feedsoft.ai/events/65909-what-to-expect-from-the-federal-reserve-rate-meeting-ig-south-africa.md) | -1.2% | -1.3% |
| DXY | 2024-12-18 | [U.S. Federal Reserve cuts interest rates by another quarter point \| CBC News](https://feedsoft.ai/events/26852-u-s-federal-reserve-cuts-interest-rates-by-another-quarter-point-cbc-news.md) | +0.7% | +1.5% |
| WTI | 2021-11-23 | [Indian bonds, rupee weaken on Jerome Powell’s new term at U.S. Federal Reserve - The Hindu](https://feedsoft.ai/events/44317-indian-bonds-rupee-weaken-on-jerome-powell-s-new-term-at-u-s-federal-reserve.md) | -13.8% | -7.3% |
| WTI | 2023-07-18 | [Canada's inflation falls to 27-month low but underlying pressures persist \| Reuters](https://feedsoft.ai/events/35278-canada-s-inflation-falls-to-27-month-low-but-underlying-pressures-persist.md) | +6.2% | +11.2% |
| WTI | 2019-05-01 | [Canadian dollar weakens as Fed inflation view boosts greenback - The Globe and Mail](https://feedsoft.ai/events/59324-canadian-dollar-weakens-as-fed-inflation-view-boosts-greenback-the-globe-and.md) | -3.8% | -7.6% |

## Sources

- npr.org: https://www.npr.org/2023/06/13/1182001345/eggs-are-cheaper-now-but-inflation-isnt-where-the-federal-reserve-wants-it-to-be

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