# A Fed pivot, born of volatility, missteps, and new economic reality | Reuters

> Reuters describes how the Federal Reserve pivoted after absorbing nearly two years of quarterly rate increases. A spike in 10-year Treasury yields and a stock slide that erased 10 percent of the S&P 500 by late November prompted the shift.

- Date: 2019-02-22 · published 2019-02-22T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/60771-a-fed-pivot-born-of-volatility-missteps-and-new-economic-reality-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The Fed's pivot toward patience reduces the dollar's upward pressure and supports commodity prices. Financial market volatility also shifts risk appetite across commodity markets.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-12-16 | [Fed keeps rate near zero and sees brighter economy in 2021 \| AP News](https://feedsoft.ai/events/49562-fed-keeps-rate-near-zero-and-sees-brighter-economy-in-2021-ap-news.md) | +0.3% | -0.3% |
| DXY | 2024-01-31 | [Fed's Powell sees lower rates on the horizon as inflation ebbs, economy bounces ahead \| Reuters](https://feedsoft.ai/events/32027-fed-s-powell-sees-lower-rates-on-the-horizon-as-inflation-ebbs-economy-bounces.md) | +0.3% | +0.4% |
| DXY | 2025-09-19 | [Fed rate cut offers Vietnam room to stabilise currency and economy](https://feedsoft.ai/events/23195-fed-rate-cut-offers-vietnam-room-to-stabilise-currency-and-economy.md) | +0.7% | +0.9% |
| DXY | 2024-07-24 | [Dollar falls, short yen trades squared ahead of BOJ and Fed meetings \| Reuters](https://feedsoft.ai/events/29461-dollar-falls-short-yen-trades-squared-ahead-of-boj-and-fed-meetings-reuters.md) | +0.7% | -1.3% |
| DXY | 2025-08-27 | [KTB Warns of Baht Volatility amid US Policy Uncertainty and Political Risks](https://feedsoft.ai/events/23576-ktb-warns-of-baht-volatility-amid-us-policy-uncertainty-and-political-risks.md) | -0.0% | -0.3% |

## Sources

- reuters.com: https://www.reuters.com/article/world/a-fed-pivot-born-of-volatility-missteps-and-new-economic-reality-idUSKCN1QB0IL/

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