# Fed sees interest rates staying near zero through 2022, GDP bouncing to 5% next year

> 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.

- Date: 2020-06-10 · published 2020-06-10T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/52518-fed-sees-interest-rates-staying-near-zero-through-2022-gdp-bouncing-to-5-next
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-03-17 | [Fed expects to keep its key rate near zero through 2023 \| AP News](https://feedsoft.ai/events/48017-fed-expects-to-keep-its-key-rate-near-zero-through-2023-ap-news.md) | +0.3% | +0.0% |
| DXY | 2020-12-16 | [Fed keeps rate near zero and sees brighter economy in 2021 \| AP News](https://feedsoft.ai/events/49562-fed-keeps-rate-near-zero-and-sees-brighter-economy-in-2021-ap-news.md) | +0.3% | -0.3% |
| DXY | 2020-09-16 | [Fed decision September 2020: Interest rates unchanged](https://feedsoft.ai/events/51032-fed-decision-september-2020-interest-rates-unchanged.md) | +0.8% | +0.1% |
| DXY | 2024-08-28 | [AUD/USD clings to gains near 0.6800 as RBA unlikely to cut interest rates this year](https://feedsoft.ai/events/29057-aud-usd-clings-to-gains-near-0-6800-as-rba-unlikely-to-cut-interest-rates-this.md) | +0.5% | -0.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/06/10/fed-meeting-decision-interest-rates.html

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