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Federal Reserve Governor Lael Brainard delivered a speech in Cincinnati on monetary policy and its effect on communities, as part of the Fed Listens series. She said the FOMC's goal is 2% inflation and that the economy's most likely path remains solid.
The speech describes the dual mandate of maximum employment and price stability.
The speech reinforces the Fed's cautious, data-dependent stance, which shapes expectations for the dollar and rates that feed through to commodity prices.
federalreserve.govJun 21, 2019After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
