# On the macro front, the US Fed maintained interest rates unchanged as - Shanghai Metals Market (SMM)

> The Fed held rates unchanged and maintained two expected cuts for 2025, though more officials now expect no cuts this year. Powell warned of high inflation in coming months and the dollar index rose, pressuring copper.

- Date: 2025-06-19 · published 2025-06-19T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/24114-on-the-macro-front-the-us-fed-maintained-interest-rates-unchanged-as-shanghai
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar and delayed rate cuts weigh on dollar-priced commodities and raise the cost of holding inventory.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-04-30 | [Market alert: Will the Fed cut interest rates? \| XTB](https://feedsoft.ai/events/59760-market-alert-will-the-fed-cut-interest-rates-xtb.md) | -0.1% | +0.7% |
| DXY | 2018-09-26 | [Overnight Financial data Review: the United States announced that interest rate increases in the US dollar have been supported by the rise and fall of the internal and external markets. - Shanghai Metals Market (SMM)](https://feedsoft.ai/events/62958-overnight-financial-data-review-the-united-states-announced-that-interest-rate.md) | +0.2% | +1.5% |
| DXY | 2018-08-01 | [Gold pinned lower after Fed announces unchanged interest rates](https://feedsoft.ai/events/63462-gold-pinned-lower-after-fed-announces-unchanged-interest-rates.md) | +0.2% | +0.5% |
| DXY | 2017-12-13 | [Fed raises interest rates, keeps 2018 policy outlook unchanged](https://feedsoft.ai/events/67389-fed-raises-interest-rates-keeps-2018-policy-outlook-unchanged.md) | -0.4% | -1.8% |
| DXY | 2022-02-23 | [The market has adjusted its views of how the Federal Reserve will raise interest rates](https://feedsoft.ai/events/42642-the-market-has-adjusted-its-views-of-how-the-federal-reserve-will-raise.md) | +1.0% | +1.2% |

## Sources

- news.metal.com: https://news.metal.com/newscontent/103383143-us-fed-signals-hawkish-stance-copper-prices-fall-overnight

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