# Dow surges to new record as Fed signals three rate cuts in 2024 | CNN Business

> The Dow closed at a new record after the Federal Reserve signaled three rate cuts in 2024. The article also included general commentary on interest rates and commodity prices.

- Date: 2023-12-08 · published 2023-12-08T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/32472-dow-surges-to-new-record-as-fed-signals-three-rate-cuts-in-2024-cnn-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower expected rates weaken the dollar and can support commodity prices, but the article offers little specific feed-market detail. The impact on feed prices is indirect.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-10-30 | [Fed cuts rates for the third time as US economy slows \| CNN Business](https://feedsoft.ai/events/56485-fed-cuts-rates-for-the-third-time-as-us-economy-slows-cnn-business.md) | +0.1% | +1.0% |
| DXY | 2023-12-13 | [Yen rallies after Federal Reserve signals rate cuts in 2024 - Nikkei Asia](https://feedsoft.ai/events/8716-yen-rallies-after-federal-reserve-signals-rate-cuts-in-2024-nikkei-asia.md) | -1.0% | -0.7% |
| DXY | 2025-03-20 | [Gold Hits Record High As Fed Signals Rate Cuts Amid Economic Tensions](https://feedsoft.ai/events/25478-gold-hits-record-high-as-fed-signals-rate-cuts-amid-economic-tensions.md) | +0.3% | -2.0% |
| DXY | 2023-12-13 | [Dollar drops as Fed signals coming rate cuts](https://feedsoft.ai/events/8296-dollar-drops-as-fed-signals-coming-rate-cuts.md) | -1.0% | -0.7% |
| DXY | 2019-10-30 | [Fed cuts rates for a 3rd time but signals it will now pause \| AP News](https://feedsoft.ai/events/56484-fed-cuts-rates-for-a-3rd-time-but-signals-it-will-now-pause-ap-news.md) | +0.1% | +1.0% |

## Sources

- cnn.com: https://www.cnn.com/economy/live-news/federal-reserve-meeting-121323

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