# Business Research & Insights

> The Federal Reserve raised its target range by 75 basis points to 2.25-2.5%, as widely expected, and dropped language about activity picking up. The US dollar and Treasury yields fell after the announcement while equities rose.

- Date: 2022-07-27 · published 2022-07-27T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/40739-business-research-and-insights
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A less hawkish Fed weakens the dollar, which tends to support dollar-priced commodities such as grains and oilseeds.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-01-25 | [LDN - Business](https://feedsoft.ai/events/73236-ldn-business.md) | -0.7% | -0.7% |
| DXY | 2024-08-26 | [Rand on a winning run as interest rate cuts draw near – BusinessTech](https://feedsoft.ai/events/29090-rand-on-a-winning-run-as-interest-rate-cuts-draw-near-businesstech.md) | +0.7% | -0.0% |
| DXY | 2021-08-27 | [Pound hits over 1-week high - Business & Finance - Business Recorder](https://feedsoft.ai/events/45804-pound-hits-over-1-week-high-business-and-finance-business-recorder.md) | -0.9% | -0.0% |
| DXY | 2021-04-30 | [Dollar steadies in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/47821-dollar-steadies-in-europe-business-and-finance-business-recorder.md) | +0.1% | -0.8% |
| DXY | 2026-07-31 | [Yuan rises to 1-1/2-month high - Markets - Business Recorder](https://feedsoft.ai/events/18572-yuan-rises-to-1-1-2-month-high-markets-business-recorder.md) | -0.1% | -1.1% |

## Sources

- business.nab.com.au: https://business.nab.com.au/markets-today-fed-hikes-75bp-no-forward-guidance-55045/

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