# TD Economics - Market Insights: I Feel the Need, the Need for Speed

> TD Economics said the Federal Reserve is tightening at the fastest pace since the 1970s, with US inflation at 9.1% and a deeply inverted yield curve signaling recession fears. The broad US dollar has risen about 12% over the past year and the Canadian dollar has held up relatively well.

- Date: 2022-07-28 · published 2022-07-28T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/40720-td-economics-market-insights-i-feel-the-need-the-need-for-speed
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A strong dollar driven by aggressive Fed tightening and recession risk pressures dollar-denominated commodity prices and raises demand concerns for feed and energy.

## Read by commodity

- DXY: bullish ▲
- USDCAD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-20 | [TD Economics - Market Insight: When I Find Myself In Times of Trouble](https://feedsoft.ai/events/39354-td-economics-market-insight-when-i-find-myself-in-times-of-trouble.md) | -1.5% | -3.4% |
| DXY | 2018-11-28 | [Gold markets: The Fed, dollar in focus](https://feedsoft.ai/events/61959-gold-markets-the-fed-dollar-in-focus.md) | -0.8% | -0.8% |
| DXY | 2018-10-01 | [Gold markets: Dollar, the Fed, trade in focus](https://feedsoft.ai/events/62443-gold-markets-dollar-the-fed-trade-in-focus.md) | +0.7% | +1.8% |
| DXY | 2023-06-30 | [Breakouts in US bond markets – a tailwind for the USD](https://feedsoft.ai/events/35677-breakouts-in-us-bond-markets-a-tailwind-for-the-usd.md) | -0.4% | -1.5% |
| DXY | 2021-07-19 | [Has the Canadian dollar already reached its peak for the year? - RBC Economics](https://feedsoft.ai/events/46273-has-the-canadian-dollar-already-reached-its-peak-for-the-year-rbc-economics.md) | +0.4% | +0.0% |

## Sources

- economics.td.com: https://economics.td.com/ca-market-insight-need-for-speed

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