◂ Event Timeline

Oct 1, 2022MACROUS

Analysts react as Aggressive Fed hikes rates another 75 basis points

The Federal Reserve raised its target rate by three-quarters of a percentage point to 3.00%-3.25% and signaled further large increases. Its new projections show the policy rate reaching 4.40% by the end of the year.

WHY IT MATTERS

Tighter U.S. monetary policy strengthens the dollar and raises financing costs, which tends to weigh on dollar-denominated commodity prices and on emerging-market currencies that buy feed imports.

AFFECTSUS Dollar (Broad)▲

SOURCE
reuters.comReutersOct 1, 2022

Price reaction & history

US Dollar (Broad)▲bullishSO FAR1d -0.3%5d -0.2%20d +0.1%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

Dec 18, 2024U.S. Federal Reserve cuts interest rates by another quarter point | CBC News+0.7%
Sep 21, 2022Federal Reserve Meeting Fed Makes Another Big Rate Increase+2.6%
Jul 27, 2022FOMC: Fed Raises Interest Rates by 75 Basis Points to Double Down on Inflation - Bloomberg-0.7%
Jul 26, 2023Fed lifts rates, Powell leaves door open to another hike in September+0.6%
Jan 30, 2022How ECB’s slower rates approach would protect Europe from aggressive Fed policy | The National-0.8%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

US Dollar (Broad) DXY · GP ▸

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