# Thoughts on the January 27 FOMC Meeting - ActionForex

> The FOMC kept its target rate at 0 to 0.25% and held monthly Treasury and MBS purchases at $80 billion and $40 billion. The statement downgraded its view of the recovery, with no mention of tapering.

- Date: 2021-01-28 · published 2021-01-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/49067-thoughts-on-the-january-27-fomc-meeting-actionforex
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Steady ultra-easy policy with no taper signal keeps liquidity high, a modest support for commodities priced in dollars.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-10-12 | [Fed Split On Inflation Intensified At September Policy Meeting - ActionForex](https://feedsoft.ai/events/68396-fed-split-on-inflation-intensified-at-september-policy-meeting-actionforex.md) | +0.4% | +1.3% |
| DXY | 2017-07-27 | [FOMC Deflates Dollar Inflates Oil And Gold - ActionForex](https://feedsoft.ai/events/69896-fomc-deflates-dollar-inflates-oil-and-gold-actionforex.md) | -0.6% | -0.5% |
| DXY | 2020-12-11 | [USD: FOMC action to keep dollar on weaker footing – MUFG — Octa](https://feedsoft.ai/events/49846-usd-fomc-action-to-keep-dollar-on-weaker-footing-mufg-octa.md) | -0.7% | -0.4% |
| DXY | 2023-11-20 | [USD/MXN moves on the downward trajectory near 17.1800, awaits FOMC meeting minutes — Octa](https://feedsoft.ai/events/33385-usd-mxn-moves-on-the-downward-trajectory-near-17-1800-awaits-fomc-meeting.md) | -0.6% | -0.8% |
| DXY | 2023-11-02 | [What are the key takeaways from the recent FOMC meeting? \| IG International](https://feedsoft.ai/events/11461-what-are-the-key-takeaways-from-the-recent-fomc-meeting-ig-international.md) | -1.4% | -3.1% |

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/356217-thoughts-on-the-january-27-fomc-meeting/

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