# Fed minutes show willingness to steer past coming jump in inflation | Reuters

> Minutes of the Federal Reserve's policy meeting showed officials willing to let inflation move past 2% before tightening. The Fed has pledged to keep its overnight rate near zero until inflation is on track to moderately exceed target and the job market nears maximum employment.

- Date: 2021-02-17 · published 2021-02-17T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/48543-fed-minutes-show-willingness-to-steer-past-coming-jump-in-inflation-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A sustained low-rate stance supports commodity prices and a weaker dollar, which generally favors dollar-priced feed ingredients.

## Read by commodity

- DXY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-04-30 | [Inflation-tolerant Fed will boost commodity prices \| Reuters](https://feedsoft.ai/events/47512-inflation-tolerant-fed-will-boost-commodity-prices-reuters.md) | +0.1% | -0.8% |
| DXY | 2023-11-14 | [Dollar sinks after data shows US inflation cooling \| Reuters](https://feedsoft.ai/events/10100-dollar-sinks-after-data-shows-us-inflation-cooling-reuters.md) | -1.8% | -1.4% |
| DXY | 2022-08-12 | [Stronger dollar down for the week as clues point to inflation peak \| Reuters](https://feedsoft.ai/events/40271-stronger-dollar-down-for-the-week-as-clues-point-to-inflation-peak-reuters.md) | +1.4% | +2.5% |
| DXY | 2023-02-01 | [Dollar falls to nine-month low as Powell notes progress in disinflation \| Reuters](https://feedsoft.ai/events/37522-dollar-falls-to-nine-month-low-as-powell-notes-progress-in-disinflation-reuters.md) | +1.1% | +1.4% |
| DXY | 2023-01-13 | [Simple twist of FAIT - Fed scents inflation victory  \| Reuters](https://feedsoft.ai/events/37696-simple-twist-of-fait-fed-scents-inflation-victory-reuters.md) | -0.1% | +0.6% |
| CORN | 2021-04-30 | [Inflation-tolerant Fed will boost commodity prices \| Reuters](https://feedsoft.ai/events/47512-inflation-tolerant-fed-will-boost-commodity-prices-reuters.md) | +5.0% | -2.1% |
| CORN | 2023-01-03 | [How Consumers and Businesses are Reacting to Food Price Inflation - Euromonitor.com](https://feedsoft.ai/events/12190-how-consumers-and-businesses-are-reacting-to-food-price-inflation-euromonitor.md) | -2.2% | -1.0% |
| CORN | 2022-06-23 | [Wild 2022 in grain markets sparks 2008 comparisons \| Reuters](https://feedsoft.ai/events/40978-wild-2022-in-grain-markets-sparks-2008-comparisons-reuters.md) | +1.6% | -10.7% |

## Sources

- reuters.com: https://www.reuters.com/business/fed-minutes-highlight-willingness-steer-past-coming-inflation-2021-02-17/

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