# Fed alterations increase uncertainty

> The US Federal Reserve kept its benchmark rate near zero in mid-June 2021 while signalling earlier rate increases. It raised its 2021 inflation forecast to 3.4% and its GDP growth forecast to 7%. Emerging-market central banks are left facing tighter global financial conditions.

- Date: 2021-06-29 · published 2021-06-29T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/46904-fed-alterations-increase-uncertainty
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A hawkish Fed lifts the dollar and can tighten emerging-market financing, which weighs on demand for imported feed and can pressure local-currency commodity prices. The effect on grain prices is indirect.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-17 | [Rupiah Corrected After The Fed Advances Projection Of Interest Rate Increase](https://feedsoft.ai/events/46901-rupiah-corrected-after-the-fed-advances-projection-of-interest-rate-increase.md) | +1.1% | +1.7% |
| DXY | 2022-09-21 | [Federal Reserve Meeting Fed Makes Another Big Rate Increase](https://feedsoft.ai/events/10326-federal-reserve-meeting-fed-makes-another-big-rate-increase.md) | +2.6% | +2.6% |
| DXY | 2016-12-15 | [Vietnamese dong weakens as dollar surges following Fed rate increase - VnExpress International](https://feedsoft.ai/events/73740-vietnamese-dong-weakens-as-dollar-surges-following-fed-rate-increase-vnexpress.md) | +1.6% | +1.1% |
| DXY | 2018-06-13 | [Gold erases gains after Fed hikes interest rates](https://feedsoft.ai/events/64440-gold-erases-gains-after-fed-hikes-interest-rates.md) | +1.3% | +0.6% |
| DXY | 2026-05-18 | [Euro declines as risk aversion, Fed rate hike odds increase](https://feedsoft.ai/events/19477-euro-declines-as-risk-aversion-fed-rate-hike-odds-increase.md) | +0.0% | +0.0% |

## Sources

- vir.com.vn: https://vir.com.vn/fed-alterations-increase-uncertainty-85220.html

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