◂ Event Timeline

Oct 30, 2019MACROUS

Fed cuts rates for the third time as US economy slows

The Federal Reserve cut interest rates for the third time this year as the US economy continued to slow amid trade disputes. The federal funds rate now sits between 1.5% and 1.75%, affecting mortgage and credit costs.

WHY IT MATTERS

Rate cuts tend to weaken the dollar, which can support dollar-priced commodities. The slowing economy signals softer domestic demand for meat and feed.

AFFECTSDXY▼

SOURCE
cnn.comDonna BorakOct 30, 2019

Price reaction & history

DXY▼bearishSO FAR1d +0.2%5d +0.1%20d +1.0%

After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

Oct 30, 2019US yields fall after the Fed cuts rates for the third time in 2019+0.1%
Mar 16, 2020Federal Reserve cuts rates to zero to support the economy during the coronavirus pandemic | CNN Business+3.7%
Dec 8, 2023Dow surges to new record as Fed signals three rate cuts in 2024 | CNN Business-0.9%
Dec 13, 2017Gold jumps 1% as dollar slips on Fed rate outlook - The Business Times-0.4%
Aug 28, 2023US dollar eases versus euro as investors ponder Fed, ECB rate paths - The Business Times+0.2%

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.

DXY · GP ▸

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