# Simple twist of FAIT - Fed scents inflation victory  | Reuters

> Reuters reports that US inflation is easing and the Fed appears to be nearing a victory over the price surge that produced 40-year-high inflation. The Fed's policy rate sits in a 4.25%-4.50% range, and futures markets point to a terminal rate near 4.90% by mid-year before any easing.

- Date: 2023-01-13 · published 2023-01-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/37696-simple-twist-of-fait-fed-scents-inflation-victory-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a near-peak US rate path weaken the dollar's outlook, which tends to support dollar-priced commodities over time. The effect on feed grain and meal prices is indirect and modest.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-04-30 | [Inflation-tolerant Fed will boost commodity prices \| Reuters](https://feedsoft.ai/events/47512-inflation-tolerant-fed-will-boost-commodity-prices-reuters.md) | +0.1% | -0.8% |
| DXY | 2021-02-17 | [Fed minutes show willingness to steer past coming jump in inflation \| Reuters](https://feedsoft.ai/events/48543-fed-minutes-show-willingness-to-steer-past-coming-jump-in-inflation-reuters.md) | +0.1% | +1.1% |
| DXY | 2023-11-14 | [Wall St, European stocks fly on soft U.S. inflation data \| Reuters](https://feedsoft.ai/events/10106-wall-st-european-stocks-fly-on-soft-u-s-inflation-data-reuters.md) | -1.8% | -1.4% |
| DXY | 2022-11-10 | [Oil prices settle 1% higher on tepid U.S. inflation data \| Reuters](https://feedsoft.ai/events/38852-oil-prices-settle-1-higher-on-tepid-u-s-inflation-data-reuters.md) | -1.6% | -2.8% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/simple-twist-fait-fed-scents-inflation-victory-2023-01-13/

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