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Fed official Loretta Mester outlined the FOMC's revised long-run goals and monetary policy strategy in remarks at a London conference. She noted the framework review began in early 2019 and drew on the Great Recession experience and public consultations.
A shift toward tolerating inflation above 2% for a period would keep policy rates low for longer, which tends to weaken the dollar and support commodity prices.
clevelandfed.orgMester, Loretta J.Oct 21, 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.
