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

> The Federal Reserve raised its benchmark overnight rate by 25 basis points to the 4.75%-5.00% range on March 22, 2023, despite recent banking-sector stress. Ten of 18 policymakers still projected one more quarter-point hike by year-end.

- Date: 2023-03-22 · published 2023-03-22T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/36775-svb-focused-fed-hikes-rates-25-bp-suggests-one-more-on-horizon-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A hike that signals the tightening cycle is nearly over tends to weaken the dollar, which supports dollar-priced commodities. The effect on feed prices is indirect and depends on how far the dollar moves.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-19 | [Sterling hits one-month high as Fed rate cut bets weigh on dollar \| Reuters](https://feedsoft.ai/events/29068-sterling-hits-one-month-high-as-fed-rate-cut-bets-weigh-on-dollar-reuters.md) | -0.8% | -0.7% |
| DXY | 2023-12-13 | [With rate hikes likely done, Fed turns to timing of cuts \| Reuters](https://feedsoft.ai/events/32902-with-rate-hikes-likely-done-fed-turns-to-timing-of-cuts-reuters.md) | -1.0% | -0.7% |
| DXY | 2023-03-22 | [Dollar falls after Fed raises rates, indicates one more hike ahead](https://feedsoft.ai/events/36777-dollar-falls-after-fed-raises-rates-indicates-one-more-hike-ahead.md) | -1.0% | -1.5% |
| DXY | 2024-01-31 | [Fed's Powell sees lower rates on the horizon as inflation ebbs, economy bounces ahead \| Reuters](https://feedsoft.ai/events/32027-fed-s-powell-sees-lower-rates-on-the-horizon-as-inflation-ebbs-economy-bounces.md) | +0.3% | +0.4% |
| DXY | 2023-10-31 | [US dollar falls as markets believe Fed is done hiking rates \| Reuters](https://feedsoft.ai/events/11457-us-dollar-falls-as-markets-believe-fed-is-done-hiking-rates-reuters.md) | -1.4% | -2.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/svb-focused-fed-hikes-rates-25-bp-suggests-one-more-horizon-2023-03-22/

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