# Fed: We really, really, really aren’t going to raise rates soon… | articles | ING THINK

> Fed Chair Powell's Jackson Hole speech and the FOMC statement formally adopted average inflation targeting, allowing inflation to run above 2% to compensate for past undershoots. Analysts at ING say the language gives the Fed flexibility to keep rates low and supports modest yield curve steepening and dollar weakness.

- Date: 2020-08-28 · published 2020-08-28T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/51790-fed-we-really-really-really-aren-t-going-to-raise-rates-soon-articles-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A dovish Fed framework keeps real rates low and pressures the dollar, which can support commodity prices and firm up demand for hard assets.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-01-19 | [Rates Spark: The party goes on \| articles \| ING THINK](https://feedsoft.ai/events/38006-rates-spark-the-party-goes-on-articles-ing-think.md) | -0.1% | +1.2% |
| DXY | 2026-03-30 | [EUR/USD: Real interest rates still important \| articles \| ING THINK](https://feedsoft.ai/events/20373-eur-usd-real-interest-rates-still-important-articles-ing-think.md) | -0.2% | -1.8% |
| DXY | 2023-11-21 | [FX Daily: Renminbi shorts on the run \| articles \| ING THINK](https://feedsoft.ai/events/12028-fx-daily-renminbi-shorts-on-the-run-articles-ing-think.md) | -0.6% | -0.7% |
| DXY | 2024-01-24 | [FX Daily: Unwinding the spurious dollar rally \| articles \| ING THINK](https://feedsoft.ai/events/32330-fx-daily-unwinding-the-spurious-dollar-rally-articles-ing-think.md) | -0.4% | -0.1% |
| DXY | 2020-04-02 | [FX: In the dollar we do not trust \| articles \| ING THINK](https://feedsoft.ai/events/53574-fx-in-the-dollar-we-do-not-trust-articles-ing-think.md) | -0.5% | -0.8% |

## Sources

- think.ing.com: https://think.ing.com/articles/fed-we-really-really-really-arent-going-to-raise-rates-soon/

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