# US consumer sentiment sours; dollar aiding inflation fight | Reuters

> US consumer sentiment weakened, and the Federal Reserve has raised its benchmark rate by 525 basis points since March 2022 to 5.25%–5.50%. A strong dollar is cited as depressing prices of non-petroleum products, helping to slow inflation.

- Date: 2023-10-13 · published 2023-10-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/33537-us-consumer-sentiment-sours-dollar-aiding-inflation-fight-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firm dollar and high policy rates weigh on dollar-priced commodities and reduce demand from import-dependent markets. The effect on feed prices is an indirect headwind.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-10-25 | [Dollar up as risk sentiment sours, Treasury yields rise \| Reuters](https://feedsoft.ai/events/33816-dollar-up-as-risk-sentiment-sours-treasury-yields-rise-reuters.md) | +0.2% | -2.4% |
| DXY | 2022-01-28 | [LIVE MARKETS Spending, income, inflation, sentiment: Consumers sing the blues](https://feedsoft.ai/events/43327-live-markets-spending-income-inflation-sentiment-consumers-sing-the-blues.md) | -0.9% | -0.6% |
| DXY | 2025-05-22 | [US dollar gains, sentiment still frayed; euro falters \| Reuters](https://feedsoft.ai/events/24909-us-dollar-gains-sentiment-still-frayed-euro-falters-reuters.md) | -0.2% | -0.6% |
| DXY | 2021-11-11 | [Hot U.S. inflation drives dollar to 2021 peaks \| Reuters](https://feedsoft.ai/events/44245-hot-u-s-inflation-drives-dollar-to-2021-peaks-reuters.md) | +0.8% | +1.2% |
| DXY | 2023-10-12 | [Dollar, yields rise, stocks fall after US consumer price data By Reuters](https://feedsoft.ai/events/33818-dollar-yields-rise-stocks-fall-after-us-consumer-price-data-by-reuters.md) | +0.9% | -0.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/us-import-prices-rise-less-than-expected-september-2023-10-13/

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