# Federal Reserve Board - Federal Reserve issues FOMC statement

> The Federal Reserve kept its federal funds target range at 2-1/4 to 2-1/2 percent and said it will be patient before any future rate adjustments. The statement noted solid job gains and low unemployment, while inflation has declined and runs below the 2 percent objective.

- Date: 2019-05-01 · published 2019-05-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/58993-federal-reserve-board-federal-reserve-issues-fomc-statement
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A patient Fed reduces expectations of near-term rate cuts, which tends to support the dollar and weigh on dollar-denominated commodity prices. The effect on feed grains and meals is modest and indirect.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-11-20 | [Federal Reserve members unanimously reject negative interest rates: minutes - The Business Times](https://feedsoft.ai/events/55965-federal-reserve-members-unanimously-reject-negative-interest-rates-minutes-the.md) | +0.4% | -0.8% |
| DXY | 2017-05-03 | [The FOMC statement for the May 2017 meeting - Forex news - Binary options](https://feedsoft.ai/events/70925-the-fomc-statement-for-the-may-2017-meeting-forex-news-binary-options.md) | +0.6% | -1.2% |
| 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 | 2020-10-07 | [China Sept FX reserves fell unexpectedly as pandemic pressured global economy](https://feedsoft.ai/events/5562-china-sept-fx-reserves-fell-unexpectedly-as-pandemic-pressured-global-economy.md) | -0.5% | -0.9% |
| 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% |

## Sources

- federalreserve.gov: https://www.federalreserve.gov/newsevents/pressreleases/monetary20190501a.htm?mod=article_inline&mod=djem_b_reviewpreview_20190501

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