# Fed's reticence on rate cuts forces market to rethink outlook

> The Fed's policy rate remains in the 4.25%-4.50% range after its July meeting, and its hawkish message has pushed the dollar to a two-month high. The dollar index rose 1% but is still down about 8% for the year.

- Date: 2025-07-31 · published 2025-07-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/23662-fed-s-reticence-on-rate-cuts-forces-market-to-rethink-outlook
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Fewer expected rate cuts keep the dollar firmer, which tends to pressure US commodity prices and support foreign-currency-based buyers' costs in relative terms.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-10-01 | [Gold set for monthly fall on Fed rate outlook](https://feedsoft.ai/events/34011-gold-set-for-monthly-fall-on-fed-rate-outlook.md) | +0.9% | +0.9% |
| DXY | 2022-04-25 | [Oil Price: Crude Down on China COVID Lockdowns and Fed Rate Outlook - Markets Insider](https://feedsoft.ai/events/42016-oil-price-crude-down-on-china-covid-lockdowns-and-fed-rate-outlook-markets.md) | +1.2% | +1.1% |
| DXY | 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) | +0.7% | +2.2% |
| DXY | 2019-05-24 | [ING: U.S. Dollar to Remain Supported as Markets for a Fed Rate Cut are Misplaced](https://feedsoft.ai/events/59252-ing-u-s-dollar-to-remain-supported-as-markets-for-a-fed-rate-cut-are-misplaced.md) | +0.4% | -1.2% |
| DXY | 2016-12-15 | [Dollar, bond yields advance on Fed rate outlook](https://feedsoft.ai/events/6462-dollar-bond-yields-advance-on-fed-rate-outlook.md) | +1.6% | +1.1% |

## Sources

- reuters.com: https://www.reuters.com/business/feds-reticence-rate-cuts-forces-market-rethink-outlook-2025-07-31/

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