# Live Coverage of the Fed's September Meeting

> The Federal Reserve kept its federal funds target at 5.25-5.50% at its September meeting, skipping a hike for the second time since tightening began in March 2022. Inflation rose to 3.7% in August while the labor market remained robust with 187,000 jobs added.

- Date: 2023-09-20 · published 2023-09-20T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/34006-live-coverage-of-the-fed-s-september-meeting
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A hold with a possible further hike keeps the dollar supported and financing costs high, which tends to weigh on commodity prices priced in dollars. The effect on feed commodities is indirect and moderate.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-22 | [Fed Holds the Course at September 2021 Meeting](https://feedsoft.ai/events/44963-fed-holds-the-course-at-september-2021-meeting.md) | +0.4% | -0.3% |
| DXY | 2018-09-26 | [Text of the Fed's statement after its meeting Wednesday \| AP News](https://feedsoft.ai/events/62953-text-of-the-fed-s-statement-after-its-meeting-wednesday-ap-news.md) | +0.2% | +1.5% |
| DXY | 2023-01-04 | [Key Takeaways From Minutes of Fed’s December Meeting on Rates - Bloomberg](https://feedsoft.ai/events/37698-key-takeaways-from-minutes-of-fed-s-december-meeting-on-rates-bloomberg.md) | -1.5% | -2.8% |
| DXY | 2018-12-20 | [USDZAR jumps following the Fed meeting](https://feedsoft.ai/events/61834-usdzar-jumps-following-the-fed-meeting.md) | -0.1% | -1.1% |
| DXY | 2017-11-23 | [Account of the monetary policy meeting](https://feedsoft.ai/events/68185-account-of-the-monetary-policy-meeting.md) | -0.1% | +0.3% |

## Sources

- barrons.com: https://www.barrons.com/livecoverage/fed-september-meeting-rate-decision-powell-speech-today/card/fed-keeps-rates-steady-as-economic-signals-come-in-mixed-sXV4XXyttQGZ2vfU9xNc

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