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The Fed committed to keep buying at least $120 billion of bonds per month until substantial further progress is made toward maximum employment and 2% inflation. It held short-term rates near zero and did not extend the duration of its bond purchases, as some investors had expected.
The decision was approved unanimously.
Ongoing Fed asset purchases and low rates add liquidity and tend to weaken the dollar, which can support dollar-denominated commodity prices.
cnbc.comJeff CoxDec 16, 2020After 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.
