# Instant View: Fed raises interest rates, leaves door open to another increase | Reuters

> The US Federal Reserve raised its benchmark overnight rate by 25 basis points to 5.25%-5.50%, the highest since 2007. It was the 11th hike in 12 meetings, and the policy statement left the door open to another increase.

- Date: 2023-07-26 · published 2023-07-26T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/34955-instant-view-fed-raises-interest-rates-leaves-door-open-to-another-increase
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher US rates strengthen the dollar and raise borrowing costs, which can weigh on commodity prices and dampen demand for feed-linked commodities.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-07-26 | [Fed lifts rates, Powell leaves door open to another hike in September](https://feedsoft.ai/events/35277-fed-lifts-rates-powell-leaves-door-open-to-another-hike-in-september.md) | +0.6% | +2.1% |
| DXY | 2023-07-27 | [Instant view: ECB lifts interest rates to highest since 2000 \| Reuters](https://feedsoft.ai/events/35245-instant-view-ecb-lifts-interest-rates-to-highest-since-2000-reuters.md) | +1.2% | +1.9% |
| DXY | 2025-01-30 | [VIEW ECB cuts rates again, keeps door open to further easing \| Reuters](https://feedsoft.ai/events/26726-view-ecb-cuts-rates-again-keeps-door-open-to-further-easing-reuters.md) | -0.3% | -0.3% |
| DXY | 2022-12-04 | [Oil falls over 3% after data raises Fed interest rate worries \| Reuters](https://feedsoft.ai/events/38137-oil-falls-over-3-after-data-raises-fed-interest-rate-worries-reuters.md) | +0.3% | +0.1% |
| DXY | 2023-01-01 | [Fed raises interest rates half a point to highest level in 15 years](https://feedsoft.ai/events/38155-fed-raises-interest-rates-half-a-point-to-highest-level-in-15-years.md) | -1.0% | -2.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/fed-raises-interest-rates-leaves-door-open-another-increase-reuters-news-2023-07-26/

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