◂ Event Timeline

Sep 18, 2019MACROUS

A divided Fed reduces rates but may not cut again this year

The Federal Reserve cut its benchmark rate by a quarter point to a range of 1.75% to 2%, a move widely expected by markets. The decision was sharply divided, with several officials dissenting.

WHY IT MATTERS

Lower US rates tend to weaken the dollar, which supports dollar-priced commodities, while easier financing can support demand for feed and livestock. The divided vote leaves the path of further cuts uncertain.

AFFECTSDXY◆

SOURCE
apnews.comMARTIN CRUTSINGERSep 18, 2019

Price reaction & history

DXY◆neutralSO FAR1d -0.0%5d +0.2%20d -0.3%

After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.

Sep 18, 2019Fed gets more divided as three members vote against rate cut+0.2%
Jul 10, 2024Why the Fed cutting interest rates may weaken the U.S. dollar-0.6%
Apr 1, 2024Fed sees three rate cuts in 2024 but a more shallow easing path-0.0%
Mar 26, 2025Fed's Goolsbee sees lower interest rates in a year's time, but warns of uncertainties, FT reports+0.3%
Jun 5, 2024US dollar to weaken, but Fed rate cuts are required, say strategists: Reuters poll+1.1%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

DXY · GP ▸

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