◂ Event Timeline

Jul 27, 2022MACROUS

FOMC: Fed Raises Interest Rates by 75 Basis Points to Double Down on Inflation

The Federal Reserve raised its target federal funds rate by 75 basis points to a range of 2.25% to 2.5%, its second straight 75-point increase. Policymakers cited the hottest cost pressures in about 40 years.

WHY IT MATTERS

Higher US rates strengthen the dollar, which makes dollar-priced commodities more expensive for foreign buyers and can weigh on feed and grain demand and prices.

AFFECTSUS Dollar (Broad)▲

SOURCE
bloomberg.comJonnelle MarteJul 27, 2022

Price reaction & history

US Dollar (Broad)▲bullishSO FAR1d +0.0%5d -0.7%20d +0.2%

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.

Sep 14, 2026Copper Slips as Inflation Data Raises Bets on Fed Hiking Rates - Bloomberg+1.1%
Jul 26, 2023FOMC Meeting: Fed Raises Rates to 22-year High, Leaves Door Open for More - Bloomberg+0.6%
Jan 1, 2023Fed raises interest rates half a point to highest level in 15 years-1.0%
Sep 22, 2026Fed hawkishness puts Vietnam's dong, inflation and interest rates in focus+1.1%
Feb 12, 2018Why the World Is Watching U.S. Interest Rates - Bloomberg-1.1%

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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