# Daily summary: Fed projects interest-rate hike next year | XTB

> European indices rose and US indexes gained after the Fed left rates near zero and kept bond buying at $120 billion a month. WTI traded above $72 and Brent above $74 after an unexpected crude inventory draw.

- Date: 2021-09-22 · published 2021-09-22T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/44966-daily-summary-fed-projects-interest-rate-hike-next-year-xtb
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Crude gains lift biofuel and diesel costs and support vegetable oil and corn ethanol margins, a modest bullish signal for oilseeds.

## Read by commodity

- SBO: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-02-21 | [Rupiah falls 27 points apparently on fed rate hike - ANTARA News](https://feedsoft.ai/events/60896-rupiah-falls-27-points-apparently-on-fed-rate-hike-antara-news.md) | +0.0% | +5.5% |
| WTI | 2019-07-31 | [Stocks sink after Fed dents hopes for multiple interest-rate cuts - Los Angeles Times](https://feedsoft.ai/events/58018-stocks-sink-after-fed-dents-hopes-for-multiple-interest-rate-cuts-los-angeles.md) | -7.6% | -5.3% |
| WTI | 2026-05-15 | [Dollar climbs for fifth straight day as Fed rate hike bets grow](https://feedsoft.ai/events/19469-dollar-climbs-for-fifth-straight-day-as-fed-rate-hike-bets-grow.md) | -4.4% | -15.6% |
| WTI | 2020-08-12 | [Daily Global Market Summary - 12 August 2020 \| S&P Global](https://feedsoft.ai/events/10686-daily-global-market-summary-12-august-2020-s-and-p-global.md) | +3.2% | -8.4% |
| WTI | 2024-04-23 | [Crude oil prices today: WTI above $83 on hopes for interest rate cuts](https://feedsoft.ai/events/30928-crude-oil-prices-today-wti-above-83-on-hopes-for-interest-rate-cuts.md) | +0.3% | -3.2% |
| BRENT | 2019-07-31 | [Stocks sink after Fed dents hopes for multiple interest-rate cuts - Los Angeles Times](https://feedsoft.ai/events/58018-stocks-sink-after-fed-dents-hopes-for-multiple-interest-rate-cuts-los-angeles.md) | -7.6% | -7.3% |
| BRENT | 2024-08-26 | [Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve](https://feedsoft.ai/events/28691-interest-rates-us-dollar-sinks-as-traders-position-for-rate-cuts-by-the-federal.md) | -0.2% | -5.6% |
| BRENT | 2026-09-28 | [Rand weakens as oil prices rise and rate-hike fears support dollar](https://feedsoft.ai/events/17765-rand-weakens-as-oil-prices-rise-and-rate-hike-fears-support-dollar.md) | +6.5% | +1.3% |

## Sources

- xtb.com: https://www.xtb.com/en/market-analysis/daily-summary-fed-projects-interest-rate-hike-next-year

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