# Global stock index dips, dollar climbs as Fed's Powell holds off on Sept rate cut verdict

> The Fed held rates at 4.25%-4.50% at its July meeting and gave little signal on when cuts might come. Spot gold fell 1.58% to $3,273.59 and U.S. crude settled up 1.14% at $70 a barrel as the dollar climbed.

- Date: 2025-07-30 · published 2025-07-30T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/23658-global-stock-index-dips-dollar-climbs-as-fed-s-powell-holds-off-on-sept-rate
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A hawkish hold strengthens the dollar and reduces appeal of non-yielding assets, which weighs on precious metals; the dollar move also affects dollar-denominated grain and oilseed export competitiveness.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- BRENT: 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 | 2023-11-30 | [Global stock index rises as dollar, Treasury yields climb with rates in focus \| Reuters](https://feedsoft.ai/events/33362-global-stock-index-rises-as-dollar-treasury-yields-climb-with-rates-in-focus.md) | +0.6% | -1.2% |
| DXY | 2025-01-29 | [Gold dips as dollar, yields climb after Fed stands pat on rates \| Reuters](https://feedsoft.ai/events/26412-gold-dips-as-dollar-yields-climb-after-fed-stands-pat-on-rates-reuters.md) | -0.1% | -0.8% |
| DXY | 2024-12-18 | [Dollar index hits two-year high after Fed delivers rate cut](https://feedsoft.ai/events/26849-dollar-index-hits-two-year-high-after-fed-delivers-rate-cut.md) | +0.7% | +1.5% |
| DXY | 2026-05-15 | [Dollar climbs for fifth straight day as Fed rate hike bets grow](https://feedsoft.ai/events/19469-dollar-climbs-for-fifth-straight-day-as-fed-rate-hike-bets-grow.md) | +0.6% | +0.7% |
| WTI | 2024-08-23 | [Oil climbs over 2% after Fed's Powell indicates US rate cuts \| Reuters](https://feedsoft.ai/events/28694-oil-climbs-over-2-after-fed-s-powell-indicates-us-rate-cuts-reuters.md) | +4.2% | -1.4% |
| 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% |
| WTI | 2026-05-15 | [Dollar climbs for fifth straight day as Fed rate hike bets grow](https://feedsoft.ai/events/19469-dollar-climbs-for-fifth-straight-day-as-fed-rate-hike-bets-grow.md) | -4.4% | -15.6% |

## Sources

- reuters.com: https://www.reuters.com/world/china/global-markets-wrapup-6-graphic-2025-07-30/

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