# An Update on the Economy and Monetary Policy

> Former Cleveland Fed president Loretta Mester said unacceptably high inflation reflects strong demand against constrained supply. She said the FOMC is committed to bringing inflation back to 2% and has begun repositioning monetary policy. U.S. GDP grew 5.5% last year.

- Date: 2022-06-02 · published 2022-06-02T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/40854-an-update-on-the-economy-and-monetary-policy
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firm Fed commitment to tightening supports a stronger dollar and slower demand outlook, which can pressure dollar-priced feed commodities.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-11 | [An Update on the Economy and Monetary Policy: Perseverance in Returning to Price Stability](https://feedsoft.ai/events/39041-an-update-on-the-economy-and-monetary-policy-perseverance-in-returning-to-price.md) | +0.3% | -0.8% |
| 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 | 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 | 2018-04-12 | [Account of the monetary policy meeting](https://feedsoft.ai/events/65690-account-of-the-monetary-policy-meeting.md) | -0.0% | +3.5% |
| DXY | 2017-11-23 | [Account of the monetary policy meeting](https://feedsoft.ai/events/68185-account-of-the-monetary-policy-meeting.md) | -0.1% | +0.3% |

## Sources

- clevelandfed.org: https://www.clevelandfed.org/collections/speeches/2022/sp-20220602-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.