# Fed decision September 2020: Interest rates unchanged

> The Federal Reserve kept short-term rates at 0%-0.25% and indicated they will stay near zero through 2023. The Fed also adopted language allowing inflation to run somewhat above its 2% target before hiking, and revised its GDP and unemployment projections.

- Date: 2020-09-16 · published 2020-09-16T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/51032-fed-decision-september-2020-interest-rates-unchanged
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A long-dated zero-rate commitment and tolerance of above-target inflation tends to weaken the dollar and support hard assets and commodity prices over time. The effect on feed input prices is indirect but supportive.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-01-27 | [Fed decision January 2021: rates unchanged](https://feedsoft.ai/events/49064-fed-decision-january-2021-rates-unchanged.md) | +0.6% | +0.1% |
| DXY | 2017-06-14 | [Dollar falls after Fed interest rate decision](https://feedsoft.ai/events/10197-dollar-falls-after-fed-interest-rate-decision.md) | +0.6% | -0.9% |
| DXY | 2021-04-28 | [Fed decision April 2021: Interest rates held near zero, sees faster growth](https://feedsoft.ai/events/47513-fed-decision-april-2021-interest-rates-held-near-zero-sees-faster-growth.md) | +0.3% | -1.0% |
| DXY | 2026-07-29 | [Dollar Falls to One-Week Low After Fed Keeps Interest Rates Unchanged - Bloomberg](https://feedsoft.ai/events/8419-dollar-falls-to-one-week-low-after-fed-keeps-interest-rates-unchanged-bloomberg.md) | -0.9% | -2.0% |
| DXY | 2019-01-30 | [Fed leaves rates unchanged](https://feedsoft.ai/events/61003-fed-leaves-rates-unchanged.md) | +0.0% | +0.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/09/16/fed-meeting-decision-interest-rates.html

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