# Futures File: Fed becomes more hawkish

> Fed officials, led by Chair Powell, signalled a commitment to high rates to fight inflation. Futures markets priced a 72% chance of a 75-basis-point hike at the September 21 meeting.

- Date: 2022-08-31 · published 2022-08-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/39946-futures-file-fed-becomes-more-hawkish
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of further tightening keep the dollar firm, which tends to weigh on US commodity exports and dollar-priced grain and oilseed values.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-12-19 | [Fed's hawkish cut fires up rate hike debate](https://feedsoft.ai/events/27137-fed-s-hawkish-cut-fires-up-rate-hike-debate.md) | +0.5% | +1.4% |
| DXY | 2026-05-01 | [Hawkish Fed remarks push down baht](https://feedsoft.ai/events/19529-hawkish-fed-remarks-push-down-baht.md) | -0.6% | +0.2% |
| DXY | 2022-02-18 | [Eurodollar futures market betting hawkish Fed could ease rates, slightly, in 2024 \| Reuters](https://feedsoft.ai/events/42648-eurodollar-futures-market-betting-hawkish-fed-could-ease-rates-slightly-in-2024.md) | +0.5% | +1.3% |
| DXY | 2022-04-25 | [Fed’s hawkish stance keeps commodity markets under pressure](https://feedsoft.ai/events/41759-fed-s-hawkish-stance-keeps-commodity-markets-under-pressure.md) | +1.2% | +1.1% |
| DXY | 2023-05-19 | [Hawkish Fed bets drive dollar higher \| Convera](https://feedsoft.ai/events/36143-hawkish-fed-bets-drive-dollar-higher-convera.md) | +0.6% | -1.4% |

## Sources

- omaha.com: https://omaha.com/article_ba29e69e-2947-11ed-bd82-974c632dc4a4.html

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