# Fed sees only one rate cut in 2026; no hike ahead, says Powell

> Reuters reports Fed policymakers' median projection shows one quarter-point cut in 2026, unchanged from September, with inflation expected to slow to around 2.4% by end-2027. Growth is projected to accelerate to an above-trend pace.

- Date: 2026-01-01 · published 2026-01-01T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/21688-fed-sees-only-one-rate-cut-in-2026-no-hike-ahead-says-powell
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Fewer expected cuts than markets had priced support the dollar, which can weigh on dollar-priced commodities and raise import costs for buyers abroad.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-05-01 | [Dollar rises as Fed's Powell cools bets on rate-cut](https://feedsoft.ai/events/59251-dollar-rises-as-fed-s-powell-cools-bets-on-rate-cut.md) | +0.2% | +1.1% |
| DXY | 2023-07-26 | [Fed lifts rates, Powell leaves door open to another hike in September](https://feedsoft.ai/events/35277-fed-lifts-rates-powell-leaves-door-open-to-another-hike-in-september.md) | +0.6% | +2.1% |
| DXY | 2019-07-31 | [Fed Chairman Powell says rate cut was a 'midcycle adjustment'](https://feedsoft.ai/events/58015-fed-chairman-powell-says-rate-cut-was-a-midcycle-adjustment.md) | +0.9% | +1.8% |
| DXY | 2018-07-17 | [Powell says strong economy will keep rate hikes coming \| AP News](https://feedsoft.ai/events/63944-powell-says-strong-economy-will-keep-rate-hikes-coming-ap-news.md) | +0.5% | +1.8% |
| DXY | 2018-02-27 | [Gold slides after Fed's Powell confirms gradual rate hikes](https://feedsoft.ai/events/66405-gold-slides-after-fed-s-powell-confirms-gradual-rate-hikes.md) | +0.1% | -0.1% |

## Sources

- reuters.com: https://www.reuters.com/business/view-divided-fed-cuts-rates-expected-sees-only-one-reduction-2026-2025-12-10/

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