# With rate hikes likely done, Fed turns to timing of cuts | Reuters

> The Federal Reserve's latest statement and updated quarterly projections led to a rally in US stocks, with the S&P 500 gaining about 1.4% and the Dow hitting a record. The article says rate hikes are likely finished and the Fed is now focused on when cuts will begin.

- Date: 2023-12-13 · published 2023-12-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/32902-with-rate-hikes-likely-done-fed-turns-to-timing-of-cuts-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A Fed pivot toward easing tends to weaken the dollar and lower borrowing costs, which can support commodity prices and feed-sector financing. The direct effect on grain and oilseed supply is limited.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-19 | [Sterling hits one-month high as Fed rate cut bets weigh on dollar \| Reuters](https://feedsoft.ai/events/29068-sterling-hits-one-month-high-as-fed-rate-cut-bets-weigh-on-dollar-reuters.md) | -0.8% | -0.7% |
| DXY | 2023-12-13 | [Gold climbs over 1% after Fed signals end of rate hikes \| Reuters](https://feedsoft.ai/events/32470-gold-climbs-over-1-after-fed-signals-end-of-rate-hikes-reuters.md) | -1.0% | -0.7% |
| DXY | 2023-10-31 | [US dollar falls as markets believe Fed is done hiking rates \| Reuters](https://feedsoft.ai/events/11457-us-dollar-falls-as-markets-believe-fed-is-done-hiking-rates-reuters.md) | -1.4% | -2.9% |
| DXY | 2023-07-10 | [US dollar drops to three-week low as Fed rate hikes nearly done](https://feedsoft.ai/events/9980-us-dollar-drops-to-three-week-low-as-fed-rate-hikes-nearly-done.md) | -1.7% | -0.2% |
| DXY | 2023-03-15 | [ECB cuts through bank turmoil to keep rate hike pledge \| Reuters](https://feedsoft.ai/events/37073-ecb-cuts-through-bank-turmoil-to-keep-rate-hike-pledge-reuters.md) | -0.1% | -1.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/fed-likely-hold-rates-steady-signal-couple-cuts-2024-2023-12-13/

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