# An Update on the Economy and Monetary Policy: Perseverance in Returning to Price Stability

> Cleveland Fed President Loretta Mester's speech to the Economic Club of New York stresses that inflation has run above 2% for almost a year and a half and that policy must keep working to restore price stability. She notes that food and gasoline price increases are weighing heavily on lower-income households.

- Date: 2022-10-11 · published 2022-10-11T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/39041-an-update-on-the-economy-and-monetary-policy-perseverance-in-returning-to-price
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Signals of continued Fed tightening support a firmer dollar and weaker risk appetite, which can pressure commodity prices over time.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-06-02 | [An Update on the Economy and Monetary Policy](https://feedsoft.ai/events/40854-an-update-on-the-economy-and-monetary-policy.md) | -0.3% | +1.9% |
| DXY | 2018-10-25 | [The Economic Outlook, Monetary Policy, and Normal Policymaking Now and in the Future](https://feedsoft.ai/events/62446-the-economic-outlook-monetary-policy-and-normal-policymaking-now-and-in-the.md) | +1.0% | +0.9% |
| DXY | 2023-04-04 | [Lisa D Cook: The US economic outlook and monetary policy](https://feedsoft.ai/events/36300-lisa-d-cook-the-us-economic-outlook-and-monetary-policy.md) | +0.4% | +0.1% |
| DXY | 2022-09-28 | [What is the Bank of England doing in bid to stabilise UK economy? \| Bank of England \| The Guardian](https://feedsoft.ai/events/39833-what-is-the-bank-of-england-doing-in-bid-to-stabilise-uk-economy-bank-of.md) | -1.8% | -1.5% |
| DXY | 2018-11-22 | [Account of the monetary policy meeting](https://feedsoft.ai/events/62238-account-of-the-monetary-policy-meeting.md) | +0.1% | +0.1% |

## Sources

- clevelandfed.org: https://www.clevelandfed.org/collections/speeches/2022/sp-20221011-an-update-on-the-economy-and-monetary-policy

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