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The Federal Reserve announced on Sunday that it would cut interest rates to zero to support the economy during the coronavirus pandemic. The move aims to ease financial conditions as the outbreak disrupts economic activity.
A move to zero rates is a major easing step that weakens the dollar and supports commodity prices broadly. It also signals that central banks are prepared to respond aggressively to demand shocks from the pandemic.
cnn.comDavid GoldmanMar 16, 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.
