# A Diligent Return to Price Stability

> A Federal Reserve official said the FOMC raised the target range for the federal funds rate by 75 basis points to 3.75-4.00%, the fourth such increase in a row. The Fed anticipates further increases to bring inflation back to 2%, and the journey will take some time.

- Date: 2022-11-10 · published 2022-11-10T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/38599-a-diligent-return-to-price-stability
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Continued Fed tightening supports the dollar and raises financing costs, which can weigh on commodity demand and speculative positioning. The path of rates is a key driver of the dollar and therefore of dollar-priced feed ingredients.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-11 | [An Update on the Economy and Monetary Policy: Perseverance in Returning to Price Stability](https://feedsoft.ai/events/39041-an-update-on-the-economy-and-monetary-policy-perseverance-in-returning-to-price.md) | +0.3% | -0.8% |
| DXY | 2023-12-28 | [Baht continues to strengthen as gold price rises](https://feedsoft.ai/events/32970-baht-continues-to-strengthen-as-gold-price-rises.md) | +1.0% | +1.8% |
| DXY | 2021-12-09 | [Dollar gains, equity rally stalls as caution returns](https://feedsoft.ai/events/43794-dollar-gains-equity-rally-stalls-as-caution-returns.md) | +0.8% | -0.3% |
| DXY | 2021-06-21 | [Commodity Prices Dip As Dollar Surges \| OilPrice.com](https://feedsoft.ai/events/46491-commodity-prices-dip-as-dollar-surges-oilprice-com.md) | -1.0% | +0.4% |
| DXY | 2016-08-31 | [Strong dollar remains anchor on prices](https://feedsoft.ai/events/12399-strong-dollar-remains-anchor-on-prices.md) | -1.2% | +0.3% |

## Sources

- clevelandfed.org: https://www.clevelandfed.org/collections/speeches/2022/sp-20221110-a-diligent-return-to-price-stability

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