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Mar 21, 2019MACROUS

New Fed forecast for 2019: Slower growth and zero rate hikes

The AP reported the Fed's new 2019 forecast of slower growth and no rate hikes this year. The central bank also said it will stop reducing its bond portfolio to help keep long-term loan rates down.

WHY IT MATTERS

Expectations of easier money and a softer dollar can support commodity prices, though slower US growth limits demand expectations.

AFFECTSUS Dollar (Broad)▼

SOURCE
apnews.comMartin CrutsingerMar 21, 2019

Price reaction & history

US Dollar (Broad)▼bearishSO FAR1d +0.0%5d +0.9%20d +0.3%

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

Apr 28, 2021Fed decision April 2021: Interest rates held near zero, sees faster growth+0.3%
Dec 16, 2020Fed keeps rate near zero and sees brighter economy in 2021 | AP News+0.3%
Jan 1, 2019Fed decision: Central bank lifts interest rates, lowers forecasts to two hikes in 2019-0.7%
Mar 20, 2019Fed sees no rate hikes in 2019, sets end to asset runoff+0.4%
Mar 17, 2021Fed expects to keep its key rate near zero through 2023 | AP News+0.3%

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.

US Dollar (Broad) DXY · GP ▸

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