# Newsquawk US Market Wrap: Dollar and yields rally as Powell pushes back against December rate cut | Newsquawk

> US markets saw selling in equities, Treasuries and gold on October 29 after a hawkish Powell press conference. The dollar rallied and yields rose, and the Fed's rate cut and QT end were already priced in. Crude also rose that day.

- Date: 2025-10-29 · published 2025-10-29T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/22321-newsquawk-us-market-wrap-dollar-and-yields-rally-as-powell-pushes-back-against
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger dollar and higher yields make dollar-denominated commodities more expensive for importers, which can weigh on export demand for US feed ingredients. Higher crude can also lift biofuel-linked feedstock values.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-10-29 | [Stocks fall, US dollar strengthens after Powell puts chill on December rate cut \| Reuters](https://feedsoft.ai/events/22612-stocks-fall-us-dollar-strengthens-after-powell-puts-chill-on-december-rate-cut.md) | +1.0% | +0.5% |
| DXY | 2020-11-11 | [Dollar rises again as markets adjust to vaccine hope and higher yields](https://feedsoft.ai/events/50382-dollar-rises-again-as-markets-adjust-to-vaccine-hope-and-higher-yields.md) | -0.5% | -1.7% |
| DXY | 2018-10-19 | [Rupee opens tad lower against US dollar, bond yields fall - CNBC TV18](https://feedsoft.ai/events/62814-rupee-opens-tad-lower-against-us-dollar-bond-yields-fall-cnbc-tv18.md) | +0.6% | +1.0% |
| DXY | 2025-10-29 | [Powell's comments curb December rate cut bets, boosting dollar \| Reuters](https://feedsoft.ai/events/22318-powell-s-comments-curb-december-rate-cut-bets-boosting-dollar-reuters.md) | +1.0% | +0.5% |
| DXY | 2023-06-22 | [Dollar, yields rise after Powell comments, Bank of England rate hike \| Reuters](https://feedsoft.ai/events/35670-dollar-yields-rise-after-powell-comments-bank-of-england-rate-hike-reuters.md) | +0.5% | -1.0% |
| WTI | 2026-03-03 | [US dollar firms on renewed inflation risks; market pares back rate-cut outlook  \| Reuters](https://feedsoft.ai/events/10710-us-dollar-firms-on-renewed-inflation-risks-market-pares-back-rate-cut-outlook.md) | +33.1% | +46.3% |
| WTI | 2019-10-31 | [Rupee rises 9 paise against US dollar after Fed rate cut  - The Hindu](https://feedsoft.ai/events/56841-rupee-rises-9-paise-against-us-dollar-after-fed-rate-cut-the-hindu.md) | +2.4% | +5.8% |
| WTI | 2024-07-31 | [Stocks rise; yields, dollar lower as Fed signals rate cut](https://feedsoft.ai/events/29141-stocks-rise-yields-dollar-lower-as-fed-signals-rate-cut.md) | -2.1% | +0.6% |

## Sources

- newsquawk.com: https://www.newsquawk.com/headlines/newsquawk-us-market-wrap-dollar-and-yields-rally-as-powell-pushes-back-against-december-rate-cut-29-10-2025

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