# Less than zero? Powell shows no love for negative rates - Moneyweb

> Fed Chair Jerome Powell said the committee's view on negative rates has not changed and it is not under consideration. Futures had begun pricing a small chance of sub-zero US rates within the next year, and several major central banks have already used negative rate policies.

- Date: 2020-05-14 · published 2020-05-14T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/53335-less-than-zero-powell-shows-no-love-for-negative-rates-moneyweb
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Removing the prospect of negative US rates supports the dollar's yield advantage, which can pressure dollar-priced grain and oilseed prices and affect the currency costs faced by importers.

## Read by commodity

- DXY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-05-13 | [Dollar up as Powell downplays chances of negative U.S. interest rates \| Financial Post](https://feedsoft.ai/events/53332-dollar-up-as-powell-downplays-chances-of-negative-u-s-interest-rates-financial.md) | -0.4% | -3.7% |
| DXY | 2018-07-26 | [European Central Bank says rates will remain low for months \| AP News](https://feedsoft.ai/events/64242-european-central-bank-says-rates-will-remain-low-for-months-ap-news.md) | -0.0% | +0.7% |
| DXY | 2023-03-08 | [Rupee slides as Federal Reserve's Powell hints at higher US terminal rates \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/37142-rupee-slides-as-federal-reserve-s-powell-hints-at-higher-us-terminal-rates.md) | -0.4% | -1.9% |
| DXY | 2018-10-03 | [Powell says we're 'a long way' from neutral on interest rates](https://feedsoft.ai/events/62449-powell-says-we-re-a-long-way-from-neutral-on-interest-rates.md) | +0.6% | +2.3% |
| DXY | 2018-03-23 | [Australian Dollar Showing Long-Term Negative Signs](https://feedsoft.ai/events/66257-australian-dollar-showing-long-term-negative-signs.md) | -0.3% | -0.4% |
| CORN | 2020-05-13 | [Dollar up as Powell downplays chances of negative U.S. interest rates \| Financial Post](https://feedsoft.ai/events/53332-dollar-up-as-powell-downplays-chances-of-negative-u-s-interest-rates-financial.md) | -0.3% | +1.5% |
| CORN | 2023-07-26 | [Fed lifts rates, Powell leaves door open to another hike in September](https://feedsoft.ai/events/35277-fed-lifts-rates-powell-leaves-door-open-to-another-hike-in-september.md) | -13.9% | -17.3% |
| CORN | 2022-06-23 | [Jerome H Powell: Semiannual Monetary Policy Report to the Congress](https://feedsoft.ai/events/40849-jerome-h-powell-semiannual-monetary-policy-report-to-the-congress.md) | +1.6% | -10.7% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/less-than-zero-powell-shows-no-love-for-negative-rates/

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