# Federal Reserve members unanimously reject negative interest rates: minutes - The Business Times

> Minutes of the October 29-30 FOMC meeting showed Fed members unanimously rejected negative interest rates and judged further cuts unnecessary near term. The minutes described the US economy as resilient, with trade war risks still elevated.

- Date: 2019-11-20 · published 2019-11-20T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/55965-federal-reserve-members-unanimously-reject-negative-interest-rates-minutes-the
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Holding rates steady supports the dollar and reduces the cheap-money effect that has supported commodities. The effect on feed prices is indirect.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-08-11 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Second Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/40215-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | +1.1% | +3.2% |
| DXY | 2019-05-01 | [Federal Reserve Board - Federal Reserve issues FOMC statement](https://feedsoft.ai/events/58993-federal-reserve-board-federal-reserve-issues-fomc-statement.md) | +0.2% | +1.1% |
| DXY | 2022-08-19 | [Lower Slaughter Numbers Drive Pork Prices Higher - Pork Business](https://feedsoft.ai/events/40186-lower-slaughter-numbers-drive-pork-prices-higher-pork-business.md) | +0.6% | +2.1% |
| DXY | 2022-02-10 | [Sterling steady - Business & Finance - Business Recorder](https://feedsoft.ai/events/42946-sterling-steady-business-and-finance-business-recorder.md) | -0.1% | +1.7% |
| DXY | 2022-07-13 | [US MIDDAY: Grains: Losses deepen - Markets - Business Recorder](https://feedsoft.ai/events/4310-us-midday-grains-losses-deepen-markets-business-recorder.md) | -0.8% | -1.3% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/federal-reserve-members-unanimously-reject-negative-interest-rates-minutes

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