# Fed expects to keep its key rate near zero through 2023 | AP News

> 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.

- Date: 2021-03-17 · published 2021-03-17T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/48017-fed-expects-to-keep-its-key-rate-near-zero-through-2023-ap-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-12-16 | [Fed keeps rate near zero and sees brighter economy in 2021 \| AP News](https://feedsoft.ai/events/49562-fed-keeps-rate-near-zero-and-sees-brighter-economy-in-2021-ap-news.md) | +0.3% | -0.3% |
| DXY | 2020-06-10 | [Fed sees interest rates staying near zero through 2022, GDP bouncing to 5% next year](https://feedsoft.ai/events/52518-fed-sees-interest-rates-staying-near-zero-through-2022-gdp-bouncing-to-5-next.md) | +0.8% | +0.8% |
| DXY | 2019-03-21 | [New Fed forecast for 2019: Slower growth and zero rate hikes \| AP News](https://feedsoft.ai/events/59991-new-fed-forecast-for-2019-slower-growth-and-zero-rate-hikes-ap-news.md) | +0.9% | +0.3% |
| DXY | 2021-04-28 | [Fed decision April 2021: Interest rates held near zero, sees faster growth](https://feedsoft.ai/events/47513-fed-decision-april-2021-interest-rates-held-near-zero-sees-faster-growth.md) | +0.3% | -1.0% |
| DXY | 2023-03-15 | [ECB cuts through bank turmoil to keep rate hike pledge \| Reuters](https://feedsoft.ai/events/37073-ecb-cuts-through-bank-turmoil-to-keep-rate-hike-pledge-reuters.md) | -0.1% | -1.2% |

## Sources

- apnews.com: https://apnews.com/article/fed-expects-key-rates-near-zero-through-2023-9b9a335a1ce05d69fc97a1d6197371ab

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