# Fed faces viral wave, mounting risks to recovery

> Federal Reserve officials face a resurgent coronavirus wave and mounting risks to the economic recovery. Policymakers may signal a shift in how they view the inflation target or set explicit goals for unemployment or inflation before raising rates from near zero.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/52030-fed-faces-viral-wave-mounting-risks-to-recovery
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of prolonged low rates and tolerance for higher inflation tend to weaken the dollar and support hard-asset prices, while virus-driven demand risk limits energy and livestock demand.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-06-20 | [Dollar falls to 2-week low after Federal Reserve meeting](https://feedsoft.ai/events/7438-dollar-falls-to-2-week-low-after-federal-reserve-meeting.md) | -1.1% | -0.8% |
| DXY | 2023-04-28 | [Federal Reserve preview: A final hike as US recession fears mount \| articles \| ING THINK](https://feedsoft.ai/events/36301-federal-reserve-preview-a-final-hike-as-us-recession-fears-mount-articles-ing.md) | -0.3% | +1.2% |
| DXY | 2019-03-22 | [Ringgit rises to 9-month high on Fed’s decision](https://feedsoft.ai/events/60363-ringgit-rises-to-9-month-high-on-fed-s-decision.md) | +1.0% | +0.5% |
| DXY | 2019-01-30 | [U.S. Dollar Dives after Federal Reserve Moves to the Sidelines](https://feedsoft.ai/events/61290-u-s-dollar-dives-after-federal-reserve-moves-to-the-sidelines.md) | +0.0% | +0.2% |
| DXY | 2025-09-29 | [Yen extends recovery on US government shutdown risks](https://feedsoft.ai/events/23127-yen-extends-recovery-on-us-government-shutdown-risks.md) | -0.3% | +0.3% |

## Sources

- reuters.com: https://www.reuters.com/article/business/fed-faces-viral-wave-mounting-risks-to-recovery-idUSKCN24U0BS/

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