# Fed dot plot December 2019: No action seen on rates until 2021

> The Federal Reserve held its benchmark rate steady at its December 2019 meeting. Its updated projections show the median rate unchanged at 1.6% through 2020, rising to 1.9% in 2021, implying no moves until 2021.

- Date: 2019-12-11 · published 2019-12-11T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/55504-fed-dot-plot-december-2019-no-action-seen-on-rates-until-2021
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A prolonged rate hold keeps the US dollar supported relative to expectations of cuts, a modest headwind for dollar-denominated commodity prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-01 | [Fed's Powell says could raise rates beyond December, gives nod to disinflation](https://feedsoft.ai/events/37232-fed-s-powell-says-could-raise-rates-beyond-december-gives-nod-to-disinflation.md) | +1.1% | +1.4% |
| DXY | 2025-03-20 | [Dollar rises as Fed sees no rush to cut rates](https://feedsoft.ai/events/25773-dollar-rises-as-fed-sees-no-rush-to-cut-rates.md) | +0.3% | -2.0% |
| DXY | 2026-01-01 | [Fed sees only one rate cut in 2026; no hike ahead, says Powell](https://feedsoft.ai/events/21688-fed-sees-only-one-rate-cut-in-2026-no-hike-ahead-says-powell.md) | +0.3% | -1.5% |
| DXY | 2023-01-04 | [Key Takeaways From Minutes of Fed’s December Meeting on Rates - Bloomberg](https://feedsoft.ai/events/37698-key-takeaways-from-minutes-of-fed-s-december-meeting-on-rates-bloomberg.md) | -1.5% | -2.8% |
| DXY | 2024-12-24 | [Dollar edges higher as Fed rates view sets direction](https://feedsoft.ai/events/27135-dollar-edges-higher-as-fed-rates-view-sets-direction.md) | +0.8% | -0.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/12/11/fed-dot-plot-december-2019.html

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