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The Federal Reserve kept its benchmark rate near zero and said it expects to hold it there through 2022. It will keep buying $80 billion a month in Treasurys and $40 billion in mortgage-backed securities.
Policymakers projected GDP falling 6.5% in 2020 and rebounding 5% in 2021.
Ultra-loose policy and a weaker expected dollar tend to support commodity prices and feed input costs in dollar terms. Low rates also keep financing cheap for livestock and feed operations.
cnbc.comJeff CoxJun 10, 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.
