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Fed Chair Jerome Powell's March 17, 2021 press conference reviewed the year since the pandemic arrived. He credited fast congressional support and Fed tools with avoiding some of the worst economic outcomes.
The remarks reinforce the accommodative policy stance that supports commodity prices through a weaker dollar. The direct feed-price impact is limited.
rev.comMar 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.
