# Fed's Powell says could raise rates beyond December, gives nod to disinflation

> The Federal Reserve raised its target rate by a quarter point on Wednesday and continued to promise ongoing increases in borrowing costs. Powell did not rule out further hikes beyond December levels while acknowledging some signs of disinflation.

- Date: 2023-02-01 · published 2023-02-01T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/37232-fed-s-powell-says-could-raise-rates-beyond-december-gives-nod-to-disinflation
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher US rates tend to strengthen the dollar, which pressures dollar-priced commodities and can make US grain and meal less competitive in export markets.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-11-18 | [Trump win not to change US Fed's course, could raise rates 'soon': Yellen](https://feedsoft.ai/events/74021-trump-win-not-to-change-us-fed-s-course-could-raise-rates-soon-yellen.md) | +1.0% | +1.3% |
| DXY | 2026-09-14 | [Copper Slips as Inflation Data Raises Bets on Fed Hiking Rates - Bloomberg](https://feedsoft.ai/events/17392-copper-slips-as-inflation-data-raises-bets-on-fed-hiking-rates-bloomberg.md) | +1.1% | +2.9% |
| DXY | 2019-05-01 | [Dollar rises as Fed's Powell cools bets on rate-cut](https://feedsoft.ai/events/59251-dollar-rises-as-fed-s-powell-cools-bets-on-rate-cut.md) | +0.2% | +1.1% |
| DXY | 2026-03-18 | [Gold Tumbles as Powell’s Inflation Concerns Dash Easing Bets](https://feedsoft.ai/events/20074-gold-tumbles-as-powell-s-inflation-concerns-dash-easing-bets.md) | +0.2% | -1.2% |
| DXY | 2022-07-27 | [FOMC: Fed Raises Interest Rates by 75 Basis Points to Double Down on Inflation - Bloomberg](https://feedsoft.ai/events/40388-fomc-fed-raises-interest-rates-by-75-basis-points-to-double-down-on-inflation.md) | -0.7% | +0.2% |

## Sources

- reuters.com: https://www.reuters.com/business/feds-powell-says-could-raise-rates-beyond-december-gives-nod-disinflation-2023-02-01/

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