# Eurodollar futures market betting hawkish Fed could ease rates, slightly, in 2024 | Reuters

> Eurodollar futures show markets pricing roughly 220 basis points of Fed hikes over the next two years, with the terminal rate expected to be the peak of the cycle. Longer-dated contracts suggest rate cuts could follow in 2023 and 2024.

- Date: 2022-02-18 · published 2022-02-18T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/42648-eurodollar-futures-market-betting-hawkish-fed-could-ease-rates-slightly-in-2024
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected peak rates and later cuts shape the dollar's medium-term path, which influences dollar-priced grain and oilseed values. A firmer dollar would weigh on export competitiveness for US commodities.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-17 | [Dollar rises with bets on hawkish Fed; sterling drops \| Reuters](https://feedsoft.ai/events/38594-dollar-rises-with-bets-on-hawkish-fed-sterling-drops-reuters.md) | +0.4% | -0.6% |
| DXY | 2026-09-17 | [Fed Delivers Hawkish Hike, Dollar Rallies but Gold Recovers \| Investing.com](https://feedsoft.ai/events/17386-fed-delivers-hawkish-hike-dollar-rallies-but-gold-recovers-investing-com.md) | +1.0% | +2.2% |
| DXY | 2022-08-29 | [Dollar eases off of 20-year high as euro boosted by rates view \| Reuters](https://feedsoft.ai/events/40214-dollar-eases-off-of-20-year-high-as-euro-boosted-by-rates-view-reuters.md) | +0.6% | +4.4% |
| DXY | 2021-05-12 | [Eurodollar futures price in Fed hike by December 2022 after inflation spike](https://feedsoft.ai/events/47286-eurodollar-futures-price-in-fed-hike-by-december-2022-after-inflation-spike.md) | -0.1% | -0.3% |
| DXY | 2026-06-18 | [Dollar Rallies on Fed’s Hawkish Hold; BoE Awaited \| Investing.com](https://feedsoft.ai/events/19063-dollar-rallies-on-fed-s-hawkish-hold-boe-awaited-investing-com.md) | +1.4% | +1.0% |

## Sources

- reuters.com: https://www.reuters.com/business/finance/eurodollar-futures-market-betting-hawkish-fed-could-ease-rates-slightly-2024-2022-02-18/

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