# WTI Falls as USD Spikes to 20-Year High after Fed Rate Hike

> WTI crude fell after the Federal Reserve raised rates by 0.75% for the third consecutive meeting and sharply cut its growth projections through 2024. The US dollar index climbed to a 20-year high on the decision.

- Date: 2022-09-21 · published 2022-09-21T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/39497-wti-falls-as-usd-spikes-to-20-year-high-after-fed-rate-hike
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower growth expectations reduce expected fuel demand, pressuring crude. A stronger dollar also makes US-priced commodities more expensive abroad.

## Read by commodity

- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-01-24 | [Oil falls 2% as Fed rate hike talk spooks risk markets](https://feedsoft.ai/events/43049-oil-falls-2-as-fed-rate-hike-talk-spooks-risk-markets.md) | +2.6% | +7.1% |
| WTI | 2026-06-24 | [U.S. dollar rises to 13-month high on Fed rate hike views](https://feedsoft.ai/events/11992-u-s-dollar-rises-to-13-month-high-on-fed-rate-hike-views.md) | -5.3% | +15.5% |
| WTI | 2023-02-01 | [Canadian dollar posts 2½-month high as stocks rally after Fed rate hike - The Globe and Mail](https://feedsoft.ai/events/37580-canadian-dollar-posts-21-2-month-high-as-stocks-rally-after-fed-rate-hike-the.md) | -2.2% | -1.7% |
| WTI | 2023-07-01 | [Oil drops 1.5% as Fed projects more rate hikes this year](https://feedsoft.ai/events/35655-oil-drops-1-5-as-fed-projects-more-rate-hikes-this-year.md) | +3.4% | +15.8% |
| WTI | 2023-08-16 | [Oil settles lower as China fears, rate hikes counter tight US supply](https://feedsoft.ai/events/34769-oil-settles-lower-as-china-fears-rate-hikes-counter-tight-us-supply.md) | -0.9% | +9.3% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/world-policy/article/2022/09/21/wti-falls-usd-spikes-20yrs-high-fed

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