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The Federal Reserve expects the US economy to accelerate this year but still plans to keep its benchmark rate near zero through 2023. The outlook was given despite market concerns about higher inflation.
A zero-rate policy into 2023 supports a weaker dollar and cheap credit, which tends to support commodity prices broadly. The direct effect on feed markets is indirect.
apnews.comCHRISTOPHER RUGABER, MARTIN CRUTSINGERMar 17, 2021After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
