◂ Event Timeline

Apr 30, 2019MACROUS

Market alert: Will the Fed cut interest rates?

Markets priced about a 65% chance of a Fed rate cut by December, with speculation the Fed could cut as soon as the upcoming meeting. The US dollar index was close to 22-month highs despite rising odds of easing.

WHY IT MATTERS

Expectations of Fed easing typically weaken the dollar, but the currency's strength despite those odds keeps dollar-priced feed commodities under pressure and supports a firm dollar backdrop.

AFFECTSUS Dollar (Broad)▲

SOURCE
xtb.comApr 30, 2019

Price reaction & history

US Dollar (Broad)▲bullishSO FAR1d -0.2%5d -0.1%20d +0.7%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

Feb 23, 2022The market has adjusted its views of how the Federal Reserve will raise interest rates+1.0%
Jun 19, 2025On the macro front, the US Fed maintained interest rates unchanged as - Shanghai Metals Market (SMM)-0.9%
Oct 4, 2023The Fed - U.S. Interest Rates and Emerging Market Currencies: Taking Stock 10 Years After the Taper Tantrum-0.8%
Jul 31, 2025Interest rates: Aussie dollar feels the chill as Federal Reserve cools rate cut hopes-0.7%
Jul 31, 2024Market Awaits Fed Interest Rate Decision, Rupiah Potential to Weaken-0.5%

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.

US Dollar (Broad) DXY · GP ▸

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