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Ahead of its meeting, the Federal Reserve is set to signal that it will wait for actual evidence of rising prices before tightening, rather than acting on forecast inflation. The article says some senior officials believe past economic models no longer describe how the economy works.
A patient Fed reaction function implies low rates for longer, which tends to weaken the dollar and support commodity prices over time. The impact on feed markets is indirect.
apnews.comCHRISTOPHER RUGABERSep 15, 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.
