# Sterling steady - Business & Finance - Business Recorder

> Sterling held steady after hotter-than-expected US consumer price data for January, with CPI up 7.5% year over year, lifting expectations of faster Federal Reserve rate hikes and pushing the dollar higher. Futures priced a 50% chance of a 50 basis point hike in March.

- Date: 2022-02-10 · published 2022-02-10T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/42946-sterling-steady-business-and-finance-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger US inflation and expected Fed tightening lift the dollar, which can pressure dollar-priced US feed commodities and shift import costs for buyers outside the US.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-13 | [US MIDDAY: Grains: Losses deepen - Markets - Business Recorder](https://feedsoft.ai/events/4310-us-midday-grains-losses-deepen-markets-business-recorder.md) | -0.8% | -1.3% |
| DXY | 2024-11-26 | [Wheat extends losses on better US crop outlook, firmer dollar - Markets - Business Recorder](https://feedsoft.ai/events/11777-wheat-extends-losses-on-better-us-crop-outlook-firmer-dollar-markets-business.md) | -0.0% | +1.1% |
| DXY | 2023-02-06 | [Australia, NZ dollars nurse heavy losses after hot U.S. jobs data; RBA next up - Markets - Business Recorder](https://feedsoft.ai/events/37591-australia-nz-dollars-nurse-heavy-losses-after-hot-u-s-jobs-data-rba-next-up.md) | +0.5% | +0.8% |
| DXY | 2022-08-19 | [Lower Slaughter Numbers Drive Pork Prices Higher - Pork Business](https://feedsoft.ai/events/40186-lower-slaughter-numbers-drive-pork-prices-higher-pork-business.md) | +0.6% | +2.1% |
| DXY | 2019-11-20 | [Federal Reserve members unanimously reject negative interest rates: minutes - The Business Times](https://feedsoft.ai/events/55965-federal-reserve-members-unanimously-reject-negative-interest-rates-minutes-the.md) | +0.4% | -0.8% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40153586

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