# Fed lifts rates for 4th time this year but sees fewer hikes | AP News

> The Federal Reserve raised its benchmark rate by a quarter point to 2.25%-2.5%, its fourth hike this year and the highest level since 2008. The move raises borrowing costs for consumers and businesses.

- Date: 2018-12-20 · published 2018-12-20T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/61490-fed-lifts-rates-for-4th-time-this-year-but-sees-fewer-hikes-ap-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher U.S. rates tend to strengthen the dollar and tighten financial conditions, which can weigh on commodity prices and demand.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-27 | [Fed raises rates for 3rd time this year with 1 more expected \| AP News](https://feedsoft.ai/events/62954-fed-raises-rates-for-3rd-time-this-year-with-1-more-expected-ap-news.md) | +0.4% | +1.6% |
| DXY | 2016-12-15 | [Fed lifts rates, sees faster pace of hikes in Trump's first year](https://feedsoft.ai/events/6463-fed-lifts-rates-sees-faster-pace-of-hikes-in-trump-s-first-year.md) | +1.6% | +1.1% |
| DXY | 2026-06-17 | [Dollar jumps as Fed holds rates but projects one hike later this year \| Reuters](https://feedsoft.ai/events/11988-dollar-jumps-as-fed-holds-rates-but-projects-one-hike-later-this-year-reuters.md) | +1.8% | +0.9% |
| DXY | 2021-12-14 | [Investors brace for faster Fed taper, rate hikes next year](https://feedsoft.ai/events/43784-investors-brace-for-faster-fed-taper-rate-hikes-next-year.md) | +0.1% | -1.3% |
| DXY | 2017-06-16 | [US Fed indicates more rate hikes this year; what this means for Indian rupee](https://feedsoft.ai/events/70794-us-fed-indicates-more-rate-hikes-this-year-what-this-means-for-indian-rupee.md) | +0.3% | -1.7% |

## Sources

- apnews.com: https://apnews.com/article/adc53e28bcca44bb9a8f60752b767895

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