SVB-focused Fed hikes rates 25 bp, suggests one more on horizon

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

• Aug 19, 2024Sterling hits one-month high as Fed rate cut bets weigh on dollar | Reuters-0.8%
• Dec 13, 2023With rate hikes likely done, Fed turns to timing of cuts | Reuters-1.0%
• Mar 22, 2023Dollar falls after Fed raises rates, indicates one more hike ahead-1.0%
• Jan 31, 2024Fed's Powell sees lower rates on the horizon as inflation ebbs, economy bounces ahead | Reuters+0.3%
• Oct 31, 2023US dollar falls as markets believe Fed is done hiking rates | Reuters-1.4%