# 'Need Greater Confidence In Inflation..': US Fed On Possible Rate Cut In September; What It Means For Gold, Dollar?  - Goodreturns

> The Fed kept rates unchanged at 5.25%-5.50% and Chair Powell said the committee is moving closer to the point where cutting would be appropriate, with September a possibility. Powell said officials need greater confidence that inflation is moving sustainably toward 2%.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/29146-need-greater-confidence-in-inflation-us-fed-on-possible-rate-cut-in-september
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A possible September cut would weaken the dollar and lower borrowing costs, which tends to support dollar-priced grain and oilseed prices and export competitiveness.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-08-25 | [Ringgit ends higher vs greenback on possible US rate cut in September \| The Star](https://feedsoft.ai/events/23584-ringgit-ends-higher-vs-greenback-on-possible-us-rate-cut-in-september-the-star.md) | -0.1% | -0.4% |
| DXY | 2024-06-12 | [EUR/USD rallies above 1.0800 after soft US Inflation vitalize Fed rate-cut bets for September](https://feedsoft.ai/events/10801-eur-usd-rallies-above-1-0800-after-soft-us-inflation-vitalize-fed-rate-cut-bets.md) | -0.0% | -1.0% |
| DXY | 2025-06-26 | [The US dollar is tanking! What it means for gold, copper, Bitcoin, and the global economy](https://feedsoft.ai/events/24110-the-us-dollar-is-tanking-what-it-means-for-gold-copper-bitcoin-and-the-global.md) | -0.9% | -0.6% |
| DXY | 2024-11-07 | [Gold holds firm after US Fed rate cut, softer dollar](https://feedsoft.ai/events/27332-gold-holds-firm-after-us-fed-rate-cut-softer-dollar.md) | +1.0% | +0.8% |
| DXY | 2019-10-31 | [Gold gains as dollar weakens after Fed's interest rate cut](https://feedsoft.ai/events/56483-gold-gains-as-dollar-weakens-after-fed-s-interest-rate-cut.md) | -0.1% | +0.8% |
| CORN | 2025-08-22 | [Canadian dollar rallies the most in three months as Fed’s Powell signals possible rate cut - The Globe and Mail](https://feedsoft.ai/events/23555-canadian-dollar-rallies-the-most-in-three-months-as-fed-s-powell-signals.md) | -0.6% | +7.6% |
| CORN | 2021-07-07 | [What does inflation mean for milk prices? - Dairy Producer](https://feedsoft.ai/events/46216-what-does-inflation-mean-for-milk-prices-dairy-producer.md) | +2.5% | -9.9% |
| CORN | 2019-01-30 | [US Dollar In Sharp Sell-off Vs Euro, Pound As FED Confirms Will Be 'Patient' On Future Hikes](https://feedsoft.ai/events/61288-us-dollar-in-sharp-sell-off-vs-euro-pound-as-fed-confirms-will-be-patient-on.md) | +0.2% | -0.3% |

## Sources

- goodreturns.in: https://www.goodreturns.in/news/need-greater-confidence-in-inflation-us-fed-on-possible-rate-cut-in-september-impact-on-gold-dollar-1361149.html

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