# US makes biggest interest rate rise in 22 years

> The Federal Reserve lifted its benchmark rate by half a percentage point to a range of 0.75% to 1%, its largest increase in more than two decades, as US inflation runs at a 40-year high. Chair Jerome Powell said the central bank is moving expeditiously to bring inflation down, and further hikes are expected.

- Date: 2022-05-04 · published 2022-05-04T12:00:00.000Z
- Category: macro · region US · magnitude high
- Page: https://feedsoft.ai/events/41310-us-makes-biggest-interest-rate-rise-in-22-years
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tighter US monetary policy strengthens the dollar and can cool demand for commodities and goods, which tends to weigh on dollar-denominated grain and oilseed prices.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-12-19 | [US Interest Rate Stance Pressures Base Metal Prices - Finimize](https://feedsoft.ai/events/26854-us-interest-rate-stance-pressures-base-metal-prices-finimize.md) | +0.5% | +1.4% |
| DXY | 2018-09-18 | [Hike in US interest rate to put pressure on ringgit](https://feedsoft.ai/events/63306-hike-in-us-interest-rate-to-put-pressure-on-ringgit.md) | -0.3% | -0.0% |
| DXY | 2018-09-28 | [Ringgit, KLCI down after US interest-rate hike](https://feedsoft.ai/events/63304-ringgit-klci-down-after-us-interest-rate-hike.md) | +0.6% | +1.3% |
| DXY | 2022-01-28 | [Dollar poised for biggest weekly rise in 7 months on rate bets](https://feedsoft.ai/events/12224-dollar-poised-for-biggest-weekly-rise-in-7-months-on-rate-bets.md) | -0.9% | -0.6% |
| CORN | 2021-06-16 | [Dollar jumps after Fed pulls interest rate hikes into 2023 \| Reuters](https://feedsoft.ai/events/5929-dollar-jumps-after-fed-pulls-interest-rate-hikes-into-2023-reuters.md) | -2.3% | +2.5% |
| CORN | 2017-02-14 | [US Dollar Helped by Yellen, GBP/USD Looking Overpriced on Interest Rate Spread Analysis](https://feedsoft.ai/events/72743-us-dollar-helped-by-yellen-gbp-usd-looking-overpriced-on-interest-rate-spread.md) | -0.2% | -2.4% |
| CORN | 2019-09-03 | [US dollar just hit 2-year high, closes in on another major milestone](https://feedsoft.ai/events/12331-us-dollar-just-hit-2-year-high-closes-in-on-another-major-milestone.md) | -6.0% | +1.2% |

## Sources

- bbc.com: https://www.bbc.com/news/business-61324482

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