# Federal Reserve raises key interest rate 0.25%, signals more hikes likely

> The Federal Reserve raised its key rate by 0.25 percentage points, the smallest hike in its tightening campaign, and said more increases are likely. Powell suggested a couple more hikes may be enough before pausing.

- Date: 2023-02-01 · published 2023-02-01T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/37236-federal-reserve-raises-key-interest-rate-0-25-signals-more-hikes-likely
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a near-term end to hikes limit dollar strength, which can support commodity prices, though financial conditions have eased and inflation remains a concern.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-12-13 | [Yen rallies after Federal Reserve signals rate cuts in 2024 - Nikkei Asia](https://feedsoft.ai/events/8716-yen-rallies-after-federal-reserve-signals-rate-cuts-in-2024-nikkei-asia.md) | -1.0% | -0.7% |
| DXY | 2019-11-06 | [Metals rally as Federal Reserve eases again](https://feedsoft.ai/events/55962-metals-rally-as-federal-reserve-eases-again.md) | +0.6% | +0.2% |
| DXY | 2024-08-26 | [Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve](https://feedsoft.ai/events/28691-interest-rates-us-dollar-sinks-as-traders-position-for-rate-cuts-by-the-federal.md) | +0.7% | -0.0% |
| DXY | 2024-03-20 | [Gold prices jump higher as Federal Reserve signals three rate cuts this year \| Kitco News](https://feedsoft.ai/events/31107-gold-prices-jump-higher-as-federal-reserve-signals-three-rate-cuts-this-year.md) | +0.1% | +1.8% |
| DXY | 2026-07-29 | [Gold price jumps as Federal Reserve leaves interest rates unchanged \| Kitco News](https://feedsoft.ai/events/18263-gold-price-jumps-as-federal-reserve-leaves-interest-rates-unchanged-kitco-news.md) | -0.9% | -2.0% |

## Sources

- nbcnews.com: https://www.nbcnews.com/business/economy/interest-rate-hike-federal-reserve-how-much-february-2023-rcna68267

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