# Fed survey finds economy facing supply chain, other drags | AP News

> A Fed survey found the economy facing supply chain and other drags. It said the Fed's benchmark rate has been near zero since the pandemic began, with growing calls for hikes. A reduction in asset purchases is expected before rate hikes next year.

- Date: 2021-10-20 · published 2021-10-20T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/44438-fed-survey-finds-economy-facing-supply-chain-other-drags-ap-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Supply chain constraints support input and freight costs, while expected policy tightening could strengthen the dollar and weigh on commodity prices.

## Read by commodity

- DXY: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-22 | [Powell says inflation risks rising, but Fed can be 'patient' \| AP News](https://feedsoft.ai/events/44436-powell-says-inflation-risks-rising-but-fed-can-be-patient-ap-news.md) | -0.2% | +1.4% |
| DXY | 2019-09-18 | [A divided Fed reduces rates but may not cut again this year \| AP News](https://feedsoft.ai/events/56970-a-divided-fed-reduces-rates-but-may-not-cut-again-this-year-ap-news.md) | +0.2% | -0.3% |
| DXY | 2025-03-19 | [Trump tariffs partly to blame for higher prices: Fed Chair Powell - ABC News](https://feedsoft.ai/events/25477-trump-tariffs-partly-to-blame-for-higher-prices-fed-chair-powell-abc-news.md) | +0.5% | -1.4% |
| DXY | 2019-01-31 | [A dovish Fed won’t keep the US$ down if the S&P falls \| Capital Economics](https://feedsoft.ai/events/61289-a-dovish-fed-won-t-keep-the-us-down-if-the-s-and-p-falls-capital-economics.md) | +0.1% | +0.4% |
| DXY | 2022-08-26 | [fed: Dollar volatile after Fed's Powell comments on inflation - The Economic Times](https://feedsoft.ai/events/39943-fed-dollar-volatile-after-fed-s-powell-comments-on-inflation-the-economic-times.md) | +1.1% | +3.4% |

## Sources

- apnews.com: https://apnews.com/article/business-economy-d5a61de2bbd58da810a12b939a5dd0a2

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