◂ Event Timeline

Jul 26, 2023MACROUS

Global shares flat, US yields fall after Fed delivers rate hike

Global shares were mostly flat and US yields fell after the Fed delivered its 11th consecutive rate hike to 5.25%-5.50%. The Fed left the door open to further hikes while it reviews economic data.

WHY IT MATTERS

Lower yields and a softer dollar after the hike modestly support commodity prices, though the move was small and expected.

AFFECTSDXY▼

SOURCE
reuters.comChibuike OguhJul 26, 2023

Price reaction & history

DXY▼bearishSO FAR1d -0.1%5d +0.6%20d +2.1%

After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

Oct 30, 2019US yields fall after the Fed cuts rates for the third time in 2019+0.1%
Nov 2, 2022US dollar falls broadly after the Fed hints at a slower pace of rate hikes-1.4%
Nov 7, 2024Gold holds firm after US Fed rate cut, softer dollar+1.0%
Dec 13, 2023Gold climbs over 1% after Fed signals end of rate hikes | Reuters-1.0%
Mar 18, 2022Why traders sell dollars after Fed vowed to aggressively hike rates? - CGTN-0.1%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

DXY · GP ▸

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