# Stocks rise; yields, dollar lower as Fed signals rate cut

> US stocks rose and Treasury yields and the dollar fell after the Fed signaled a possible September rate cut. Oil prices rebounded from seven-week lows as tensions rose in the Middle East after the killing of a Hamas leader in Iran, with US crude settling at $77.91 and Brent at $80.72.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/29141-stocks-rise-yields-dollar-lower-as-fed-signals-rate-cut
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher crude adds cost to biofuel feedstocks and freight, supporting soybean oil and corn-ethanol economics, while the weaker dollar supports US commodity export prices.

## Read by commodity

- DXY: bearish ▼
- SBO: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-07-30 | [Global stock index dips, dollar climbs as Fed's Powell holds off on Sept rate cut verdict](https://feedsoft.ai/events/23658-global-stock-index-dips-dollar-climbs-as-fed-s-powell-holds-off-on-sept-rate.md) | -5.8% | -9.2% |
| WTI | 2019-10-31 | [Rupee rises 9 paise against US dollar after Fed rate cut  - The Hindu](https://feedsoft.ai/events/56841-rupee-rises-9-paise-against-us-dollar-after-fed-rate-cut-the-hindu.md) | +2.4% | +5.8% |
| WTI | 2025-08-22 | [Commodity Prices Surge As Powell Signals September Fed Rate Cut \| FXEmpire](https://feedsoft.ai/events/23247-commodity-prices-surge-as-powell-signals-september-fed-rate-cut-fxempire.md) | +1.0% | -2.0% |
| WTI | 2026-10-01 | [Dollar flat as US-Iran stand-off lifts oil, yields](https://feedsoft.ai/events/17639-dollar-flat-as-us-iran-stand-off-lifts-oil-yields.md) | -2.3% | +12.3% |
| WTI | 2025-10-29 | [Newsquawk US Market Wrap: Dollar and yields rally as Powell pushes back against December rate cut \| Newsquawk](https://feedsoft.ai/events/22321-newsquawk-us-market-wrap-dollar-and-yields-rally-as-powell-pushes-back-against.md) | +0.7% | -4.2% |
| BRENT | 2025-07-30 | [Global stock index dips, dollar climbs as Fed's Powell holds off on Sept rate cut verdict](https://feedsoft.ai/events/23658-global-stock-index-dips-dollar-climbs-as-fed-s-powell-holds-off-on-sept-rate.md) | -6.1% | -8.0% |
| BRENT | 2026-07-29 | [Gold trims gain as Fed holds rates, signals hike support](https://feedsoft.ai/events/18264-gold-trims-gain-as-fed-holds-rates-signals-hike-support.md) | -2.3% | +4.3% |
| BRENT | 2026-09-28 | [Rand weakens as oil prices rise and rate-hike fears support dollar](https://feedsoft.ai/events/17765-rand-weakens-as-oil-prices-rise-and-rate-hike-fears-support-dollar.md) | +6.5% | +1.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/global-markets-wrapup-1-2024-07-31/

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