# Fed holds rates steady and cuts future meetings; stronger dollar outlook pressures emerging markets - The Hindu

> The Fed held rates between 3.75% and 4.0% at its October meeting, with a 10-2 vote and two governors preferring a hike. Chair Warsh reduced the FOMC meeting count from 2027 and offered no forward guidance.

- Date: 2026-10-29 · published 2026-10-29T18:06:03.227Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/1473-fed-holds-rates-steady-and-cuts-future-meetings-stronger-dollar-outlook
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A higher-for-longer rate stance strengthens the dollar and pressures emerging-market currencies, raising import costs and weakening demand for US feed commodities in importing countries.

## Read by commodity

- DXY: bullish ▲
- USDBRL: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-10-29 | [Pound To Dollar Exchange Rate Outlook: BoE And FOMC Meetings Ahead \| Exchange Rates UK](https://feedsoft.ai/events/68719-pound-to-dollar-exchange-rate-outlook-boe-and-fomc-meetings-ahead-exchange.md) | -0.2% | -1.6% |
| DXY | 2023-02-06 | [EMERGING MARKETS-Thai baht faces worst day in 23 years as strong dollar pressures Asia FX \| Kitco News](https://feedsoft.ai/events/37585-emerging-markets-thai-baht-faces-worst-day-in-23-years-as-strong-dollar.md) | +0.5% | +0.8% |
| DXY | 2018-08-23 | [Here’s how Jackson Hole could impact the dollar, bonds and emerging markets - MarketWatch](https://feedsoft.ai/events/63695-here-s-how-jackson-hole-could-impact-the-dollar-bonds-and-emerging-markets.md) | -0.0% | -0.1% |
| DXY | 2023-02-27 | [Asian FX, stocks pressured by higher US rates outlook - Markets - Business Recorder](https://feedsoft.ai/events/37599-asian-fx-stocks-pressured-by-higher-us-rates-outlook-markets-business-recorder.md) | -0.7% | -0.9% |
| DXY | 2018-06-07 | [Skittishness hits emerging markets, and the Fed's getting the blame](https://feedsoft.ai/events/5379-skittishness-hits-emerging-markets-and-the-fed-s-getting-the-blame.md) | +0.5% | +1.1% |
| USDBRL | 2023-04-25 | [EMERGING MARKETS-Mexico's peso falls on growth worries, stronger dollar](https://feedsoft.ai/events/36610-emerging-markets-mexico-s-peso-falls-on-growth-worries-stronger-dollar.md) | -1.3% | -1.8% |
| USDBRL | 2018-08-23 | [Here’s how Jackson Hole could impact the dollar, bonds and emerging markets - MarketWatch](https://feedsoft.ai/events/63695-here-s-how-jackson-hole-could-impact-the-dollar-bonds-and-emerging-markets.md) | +1.2% | +0.2% |
| USDBRL | 2018-06-07 | [Skittishness hits emerging markets, and the Fed's getting the blame](https://feedsoft.ai/events/5379-skittishness-hits-emerging-markets-and-the-fed-s-getting-the-blame.md) | -2.8% | +2.8% |

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/fed-holds-rates-steady-and-cuts-future-meetings-stronger-dollar-outlook-pressures-emerging-markets/article71639815.ece

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