# fed: Dollar volatile after Fed's Powell comments on inflation - The Economic Times

> The dollar index held at lower levels on Friday after Fed Chair Powell said the Fed's focus is returning inflation to 2% and that September's rate increase depends on incoming data. The euro rose 1.02% to $1.0073.

- Date: 2022-08-26 · published 2022-08-26T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/39943-fed-dollar-volatile-after-fed-s-powell-comments-on-inflation-the-economic-times
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Powell's hawkish tone supports the dollar, which tends to weigh on dollar-priced commodities, though the day's move reversed.

## Read by commodity

- DXY: neutral
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-25 | [Dollar steady after U.S. inflation data misses estimates](https://feedsoft.ai/events/46773-dollar-steady-after-u-s-inflation-data-misses-estimates.md) | +0.4% | +1.0% |
| DXY | 2026-09-30 | [FOREX-US dollar flat against peers after softer-than-expected inflation data \| International](https://feedsoft.ai/events/17640-forex-us-dollar-flat-against-peers-after-softer-than-expected-inflation-data.md) | -0.1% | +0.7% |
| DXY | 2024-02-27 | [Dollar slips vs yen after Japan inflation data, US durable goods](https://feedsoft.ai/events/31907-dollar-slips-vs-yen-after-japan-inflation-data-us-durable-goods.md) | -0.2% | -0.0% |
| DXY | 2021-10-22 | [Powell says inflation risks rising, but Fed can be 'patient' \| AP News](https://feedsoft.ai/events/44436-powell-says-inflation-risks-rising-but-fed-can-be-patient-ap-news.md) | -0.2% | +1.4% |
| DXY | 2019-01-31 | [A dovish Fed won’t keep the US$ down if the S&P falls \| Capital Economics](https://feedsoft.ai/events/61289-a-dovish-fed-won-t-keep-the-us-down-if-the-s-and-p-falls-capital-economics.md) | +0.1% | +0.4% |
| EURUSD | 2017-04-27 | [ECB sticks with  policy despite inflation shortfall – The Irish Times](https://feedsoft.ai/events/71694-ecb-sticks-with-policy-despite-inflation-shortfall-the-irish-times.md) | +0.4% | +2.8% |
| EURUSD | 2024-03-07 | [EUR/USD up on the day after conclusion of ECB policy meeting](https://feedsoft.ai/events/31422-eur-usd-up-on-the-day-after-conclusion-of-ecb-policy-meeting.md) | +0.3% | -0.8% |
| EURUSD | 2024-12-10 | [Euro-dollar has hit the floor, but don't expect a bounce \| Oxford Economics](https://feedsoft.ai/events/27177-euro-dollar-has-hit-the-floor-but-don-t-expect-a-bounce-oxford-economics.md) | -0.5% | -2.4% |

## Sources

- economictimes.indiatimes.com: https://economictimes.indiatimes.com/markets/forex/dollar-volatile-after-feds-powell-comments-on-inflation/articleshow/93805706.cms

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