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

> 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.

- Date: 2022-07-27 · published 2022-07-27T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/40388-fomc-fed-raises-interest-rates-by-75-basis-points-to-double-down-on-inflation
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## 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.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-09-14 | [Copper Slips as Inflation Data Raises Bets on Fed Hiking Rates - Bloomberg](https://feedsoft.ai/events/17392-copper-slips-as-inflation-data-raises-bets-on-fed-hiking-rates-bloomberg.md) | +1.1% | +2.9% |
| DXY | 2023-07-26 | [FOMC Meeting: Fed Raises Rates to 22-year High, Leaves Door Open for More - Bloomberg](https://feedsoft.ai/events/34956-fomc-meeting-fed-raises-rates-to-22-year-high-leaves-door-open-for-more.md) | +0.6% | +2.1% |
| DXY | 2023-01-01 | [Fed raises interest rates half a point to highest level in 15 years](https://feedsoft.ai/events/38155-fed-raises-interest-rates-half-a-point-to-highest-level-in-15-years.md) | -1.0% | -2.0% |
| DXY | 2026-09-22 | [Fed hawkishness puts Vietnam's dong, inflation and interest rates in focus](https://feedsoft.ai/events/17757-fed-hawkishness-puts-vietnam-s-dong-inflation-and-interest-rates-in-focus.md) | +1.1% | +1.4% |
| DXY | 2018-02-12 | [Why the World Is Watching U.S. Interest Rates - Bloomberg](https://feedsoft.ai/events/66701-why-the-world-is-watching-u-s-interest-rates-bloomberg.md) | -1.1% | -0.5% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-07-27/fed-raises-rates-by-75-basis-points-to-double-down-on-inflation

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