# US dollar rises broadly as inflation data underpins smaller Fed cut

> The U.S. dollar gained on Friday after a key inflation measure matched forecasts and personal spending and income rose. The data supported expectations that the Federal Reserve will cut rates by a smaller 25 basis points next month rather than 50.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/28980-us-dollar-rises-broadly-as-inflation-data-underpins-smaller-fed-cut
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar makes US commodities pricier for importers and can pressure dollar-denominated grain and oilseed prices. A smaller expected Fed cut slightly reduces the case for a weaker dollar.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-28 | [US dollar firms as inflation data backs Fed hike; yen plunges](https://feedsoft.ai/events/36576-us-dollar-firms-as-inflation-data-backs-fed-hike-yen-plunges.md) | -0.3% | +1.2% |
| DXY | 2023-04-19 | [Dollar firms as U.S. yields rise, high British inflation underpins pound \| Financial Post](https://feedsoft.ai/events/36664-dollar-firms-as-u-s-yields-rise-high-british-inflation-underpins-pound.md) | +0.4% | +0.1% |
| DXY | 2025-06-01 | [Ringgit slips against US dollar as US Fed flags inflation worries](https://feedsoft.ai/events/24948-ringgit-slips-against-us-dollar-as-us-fed-flags-inflation-worries.md) | -0.5% | -1.9% |
| DXY | 2021-06-15 | [FOREX-Dollar edges up after U.S. inflation data as traders await Fed outcome](https://feedsoft.ai/events/12552-forex-dollar-edges-up-after-u-s-inflation-data-as-traders-await-fed-outcome.md) | +1.7% | +1.8% |
| DXY | 2021-05-26 | [Equities, dollar rise as Fed officials downplay inflation concerns](https://feedsoft.ai/events/47004-equities-dollar-rise-as-fed-officials-downplay-inflation-concerns.md) | -0.2% | +1.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-set-snap-5-week-losing-streak-fed-cut-bets-pared-2024-08-30/

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