# Fed reality check prompts market reversals, USD lower

> US stocks surged after the Fed's 50-basis-point hike, with the Nasdaq 100 rising 3.41% and the Dow up 2.81%. Market pricing for future hikes was trimmed, with the September hike now seen at 25 basis points and year-end rates expected at 225-250 basis points.

- Date: 2022-05-04 · published 2022-05-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/41314-fed-reality-check-prompts-market-reversals-usd-lower
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Reduced expectations for aggressive tightening could ease pressure on the dollar over time, modestly supporting dollar-priced commodities.

## Read by commodity

- DXY: bearish ▼

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/fed-reality-check-prompts-market-reversals-usd-lower-us/

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