# Fed has aggressive rate hike plan, but it could burn the economy fighting inflation

> Analysts debate whether the Fed can deliver its forecast of six more hikes this year without damaging the economy. The Fed's projections point to rapid tightening in response to inflation.

- Date: 2022-03-16 · published 2022-03-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/42203-fed-has-aggressive-rate-hike-plan-but-it-could-burn-the-economy-fighting
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The pace of tightening shapes expectations for the dollar and financial conditions, which feed into commodity pricing over the coming months.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-02-09 | [Fed hopes economy is on cusp of inflation slowdown as rate hikes loom](https://feedsoft.ai/events/42646-fed-hopes-economy-is-on-cusp-of-inflation-slowdown-as-rate-hikes-loom.md) | -0.1% | +1.3% |
| DXY | 2024-01-31 | [Fed's Powell sees lower rates on the horizon as inflation ebbs, economy bounces ahead \| Reuters](https://feedsoft.ai/events/32027-fed-s-powell-sees-lower-rates-on-the-horizon-as-inflation-ebbs-economy-bounces.md) | +0.3% | +0.4% |
| DXY | 2024-09-22 | [What Impact Will the Fed's Interest Rate Cut Have on the Indonesian Economy?](https://feedsoft.ai/events/28628-what-impact-will-the-fed-s-interest-rate-cut-have-on-the-indonesian-economy.md) | -0.2% | +2.5% |
| DXY | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | -1.5% | -1.3% |
| DXY | 2022-02-10 | [Hot inflation fuels case for 'big-bang' Fed rate hike in March](https://feedsoft.ai/events/42644-hot-inflation-fuels-case-for-big-bang-fed-rate-hike-in-march.md) | -0.1% | +1.7% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/03/16/-fed-has-aggressive-rate-hike-plan-but-it-could-burn-the-economy-fighting-inflation.html

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