# U.S. Federal Reserve cuts interest rates by another quarter point | CBC News

> The Federal Reserve cut its key rate by a quarter point, its third cut this year, and projected only two cuts in 2025 instead of four. The Canadian loonie fell against a strengthening US dollar, which outperformed other currencies.

- Date: 2024-12-18 · published 2024-12-18T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/26852-u-s-federal-reserve-cuts-interest-rates-by-another-quarter-point-cbc-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A firmer dollar and a slower path to lower US rates raise the cost of dollar-priced commodities for importers abroad. A weaker loonie and other currencies can cut purchasing power for feed imports in those markets.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-05-14 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the First Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/53331-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -1.2% | -3.5% |
| DXY | 2022-09-21 | [Federal Reserve Meeting Fed Makes Another Big Rate Increase](https://feedsoft.ai/events/10326-federal-reserve-meeting-fed-makes-another-big-rate-increase.md) | +2.6% | +2.6% |
| DXY | 2025-07-31 | [Interest rates: Aussie dollar feels the chill as Federal Reserve cools rate cut hopes](https://feedsoft.ai/events/24036-interest-rates-aussie-dollar-feels-the-chill-as-federal-reserve-cools-rate-cut.md) | -0.7% | -0.6% |
| DXY | 2019-09-12 | [European Central Bank cuts interest rates to record low - ABC News](https://feedsoft.ai/events/57284-european-central-bank-cuts-interest-rates-to-record-low-abc-news.md) | -0.3% | +0.3% |
| 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

- cbc.ca: https://www.cbc.ca/news/business/fed-cuts-rates-dec-18-1.7414148

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