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The Federal Reserve kept its benchmark rate near zero and its asset purchases at no less than $120 billion a month after its January 2021 meeting. The statement said growth had moderated and added vaccine progress to its watchlist.
Near-zero rates and heavy bond buying keep the dollar under mild pressure and support commodities as real-asset holdings, though the effect on feed prices is indirect.
cnbc.comJeff CoxJan 27, 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.
